October 27, 2010
TDI Announces September Enforcement Actions
AUSTIN - The Texas Department of Insurance today announced enforcement actions taken by Commissioner Mike Geeslin that became final during September 2010.
The actions include seven license revocation and fines and restitution totaling $733,514. Copies of Geeslin’s orders may be obtained by contacting TDI’s Public Information Office.
An order imposing disciplinary measures becomes final 20 days after the agent or insurance company has received notice of the order unless a motion for rehearing is filed within that period. A motion for rehearing stays the finality of an order until the Commissioner of Insurance acts upon the motion or upon the operation of law. Commissioner's orders are subject to appeal to state district court.
FINAL DISCIPLINARY ORDERS
Aranda, Kristy Shenista of Wichita Falls
Order Number: 100832
Date of Order: 9/17/2010
Order Final In: September
Action Taken: General Property and Casualty License and General Life, Accident and Health License revoked
Violation: Criminal offense - theft
Citizens National Life Insurance Company of Austin
Order Number: 100814
Date of Order: 9/14/2010
Order Final In: September
Action Taken: Must increase face value of eligible, in force polices by 23 percent and increase amount to death benefits previously paid by likely amount
Violation: Sold certain life insurance policies to non-white persons at higher premiums or with lesser benefits than policies sold to white persons.
Combined Independent Agencies, Inc. of Dallas
Order Number: 100843
Date of Order: 9/22/2010
Order Final In: September
Action Taken: Fined $1,245
Violation: Failed to timely file new or renewal surplus lines policies and related documents
Delos Insurance Company of New York, NY
Order Number: 100844
Date of Order: 9/22/2010
Order Final In: September
Action Taken: Fined $50,000
Violation: Failed to timely file 2008 annual declination report; Failed to submit timely and accurate quarterly claims payment information
DF Institute Inc. D/B/A Kaplan Financial of La Crosse, WI
Order Number: 100853
Date of Order: 9/27/2010
Order Final In: September
Action Taken: Fined $12,200
Violation: Taught continuing education course prior to course certification
Easterling, James Lorenzo of Arlington
Order Number: 100845
Date of Order: 9/22/2010
Order Final In: September
Action Taken: Life Agent License revoked
Violation: Felony criminal offense - theft
Frank Crystal & Company, Inc. of Houston
Order Number: 100828
Date of Order: 9/16/2010
Order Final In: September
Action Taken: Fined $5,060
Violation: Failed to timely file new or renewal surplus lines policies and related documents
Garza, Gabriel of Round Rock
Order Number: 100803
Date of Order: 9/7/2010
Order Final In: September
Action Taken: Escrow Officer License revoked; Must pay restitution of $105,571
Violation: Misappropriated or converted money belonging to an insurer or insured
Hsi, Chao A. of Bellaire
Order Number: 100457
Date of Order: 5/21/2010
Order Final In: September
Action Taken: General Life, Accident and Health License and General Property and Casualty License revoked; Must pay restitution of $291,892
Violation: Misappropriated or converted money belonging to an insurer or insured
John L. Wortham & Son, L.P. of Houston
Order Number: 100831
Date of Order: 9/16/2010
Order Final In: September
Action Taken: Fined $11,657
Violation: Failed to timely file new or renewal surplus lines policies and related documents
Jones, Dorothy W. of Texarkana
Order Number: 100801
Date of Order: 9/7/2010
Order Final In: September
Action Taken: General Life, Accident and Health License revoked and Funeral Prearrangement Life License revoked; Must pay restitution of $18,323
Violation: Misappropriated or converted money belonging to an insurer or insured; Failed to respond to requests for information
London American Risk Specialists, Inc. of Houston
Order Number: 100863
Date of Order: 9/29/2010
Order Final In: September
Action Taken: Fined $1,382
Violation: Failed to timely file new or renewal surplus lines policies and related documents
Milton Scott & Associates Insurance Agency, Inc. of San Antonio
Order Number: 100862
Date of Order: 9/29/2010
Order Final In: September
Action Taken: Fined $5,359
Violation: Failed to timely file new or renewal surplus lines policies and related documents
Osterman, David Robert of Crystal Beach
Order Number: 100793
Date of Order: 9/1/2010
Order Final In: September
Action Taken: General Life, Accident and Health License and General Property and Casualty License revoked; Must pay restitution of $218,790
Violation: Misappropriated or converted money belonging to an insurer or insured
Sheridan, Thomas E of Houston
Order Number: 100829
Date of Order: 9/16/2010
Order Final In: September
Action Taken: Fined $7,000
Violation: Failed to timely file Annual Agent Reports for Risk Retention and Purchasing Groups
Stewart Title Company D/B/A Stewart Title Rockport Division of Rockport
Order Number: 100830
Date of Order: 9/16/2010
Order Final In: September
Action Taken: Fined $7,400
Violation: Failed to timely send a copy of annual trust fund account audit report to Department
Vicencio, Rogelio of El Paso
Order Number: 100815
Date of Order: 9/14/2010
Order Final In: September
Action Taken: General Life, Accident and Health License revoked
Violation: Made misrepresentations regarding terms and conditions of insurance annuity contracts
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Last updated: 10/26/2010
