Insurance Commissioner Issues Cease & Desist Order to Producer
- September 01, 2020
Insurance Commissioner Jim Donelon issued a Cease and Desist Order to Monroe insurance producer Jerry Dool for including false information on insurance applications, altering or forging names on checks and electronic transfer forms, and receiving commissions based upon fraudulent applications. Dool’s producer license has been revoked and he has been issued a fine of $4,500 based on these violations.
“Anytime a producer does not abide by the code of conduct set out by Title 22, it is a very serious matter,” said Insurance Commissioner Jim Donelon. “I urge any consumers who feel uneasy about any insurance-related transaction to call the LDI Division of Fraud and Enforcement. All callers can request that their involvement be kept confidential.”
Dool has 30 days from the time of service to request an administrative appeal or the above actions will become final.