Two Louisiana insurance producers have been issued cease and desist orders, summary suspensions, fines and notices of license revocations, state insurance regulators said.
The Louisiana Department of Insurance (LDI) fraud division investigators served insurance agent Leslie Claire Trahan of Opelousas with a cease and desist order, summary suspension, $4,000 fine notice and notice of license revocation on May 11.
Joel Stephen Martinsen of Luling was served with a cease and desist order, summary suspension, $3,500 fine notice and notice of license revocation on June 2.
Trahan was served for allegedly including false information on or related to insurance applications, forging names on applications, receiving commissions on insurance policies based upon fraudulent applications, withholding premium payments and paying premiums for insurance policies that consumers didn’t request to generate commissions.
Department records show Trahan was issued an individual producer license on Aug. 23, 2010. She has requested an administrative appeal.
Martinsen is alleged to have submitted fraudulent declaration pages or certificates of insurance while conducting the business of insurance.
Records show Martinsen was issued an individual producer license on Oct. 7, 2002. He has 30 days from time of service to request an administrative appeal or the actions become final.
Source: LDI
Originally posted at: https://www.insurancejournal.com/news/southcentral/2021/06/14/618537.htm
