The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions including fines against four former Tennessee insurance producers who violated various provisions of Tennessee law, according to a statement from the department.
Former insurance producers Dillion R. Shaw, Darius Marquette Jones, David Russell Jackson, and Jeanette N. Carey have been ordered to pay civil penalties totaling $13,000 as a result of their violations of law. Additionally, their insurance producer licenses have been revoked.
The sanctions were the result of the work of TDCI’s Insurance Fraud Investigations team and the Department’s Office of General Counsel.
- Dillion R. Shaw of Nashville was found to have acted dishonestly and incompetently and was not trustworthy in the conduct of insurance business for failing to issue a policy and misleading a customer on numerous occasions by stating the policy was in place. Following a hearing on March 22, 2016, an Administrative Law Judge issued an initial order on Oct. 3, 2016, which became final on Oct.18, 2016. The order revoked Shaw’s producer license and assessed a civil penalty of $2,000.
- Darius Marquette Jones of Memphis was found to have demonstrated untrustworthiness and financial irresponsibility after misappropriating $4,070.86 in cash premium payments due to his employer in the course of doing insurance business. As a result of a hearing held on Aug. 15, 2016, an Administrative Law Judge issued an initial order on Dec. 15, 2016, which became final on December 30, 2016. The order revoked Jones’s Tennessee insurance producer license and issued a $3,000 civil penalty. Jones repaid the misappropriated funds.
- David Russell Jackson of Clarksville was found to have been convicted of felony mail fraud in the conduct of his insurance business. As a result of a hearing held on Sept. 9, 2016, an Administrative Law Judge issued an Initial Order on Oct. 4, 2016, which became final on Oct. 19, 2016. The order revoked Jackson’s Tennessee insurance producer license and assessed a $5,000 civil penalty. The judge further found that such practices were fraudulent and dishonest and in violation of the laws of the Commissioner.
- Jeanette N. Carey of Lynchburg, Va., had her producer license revoked and was assessed a civil penalty of $3,000 for violating the laws of the Commissioner and admitting to insurance fraud and the use of fraudulent or deceptive practices in the conduct of insurance business. On Feb. 8, 2017, an Administrative Law Judge issued an initial order as a result of a hearing on January 12, 2017. The order became final on February 23, 2017.
“The Department takes very seriously all complaints against our insurance licensees. We recognize that the business of insurance can be complicated and that Tennesseans rely on their insurance agents for honest and accurate advice,” said Michael Humphreys, TDCI Assistant Commissioner for Insurance. “Tennessee consumers expect that when they make premium payments, those payments will go toward coverage that protects themselves and their valuables, not to the personal benefit of their insurance agents.”
Source: Tennessee Department of Commerce & Insurance
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