March 30, 2010
TDI Announces February Enforcement Actions
AUSTIN - The Texas Department of Insurance today announced enforcement actions taken by Commissioner Mike Geeslin that became final during February, 2010.
The actions include four license revocations, two license denials or probated, and fines and restitution totaling $671,050. 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
American Home Assurance Company; Travel Guard Group, Inc.; National Union Fire Insurance Company of Pittsburgh, PA of New York, NY; Stevens Point, WI; New York, NY
Order Number: 100109
Date of Order: 2/16/2010
Order Final In: February
Action Taken: Fined $650,000; Must obtain managing general agent license
Violation: Used unapproved forms and unlicensed entities to conduct business of insurance
CEU Institute of Lake Mary, FL
Order Number: 100088
Date of Order: 2/3/2010
Order Final In: February
Action Taken: Fined $11,800
Violation: Failure to comply with continuing education provider requirements
May, Fred Luther III of San Antonio
Order Number: 100081
Date of Order: 2/1/2010
Order Final In: February
Action Taken: General Life, Accident and Health License revoked
Violation: Misappropriated or converted money belonging to an insurer or insured
McKelvain, James C. III of Burleson
Order Number: 100117
Date of Order: 2/17/2010
Order Final In: February
Action Taken: Fined $4,000
Violation: Improper sale of unauthorized annuity contracts
Myers, Wilburn Dale of Huntsville
Order Number: 100111
Date of Order: 2/16/2010
Order Final In: February
Action Taken: General Life Accident and Health License and General Property and Casualty License revoked; Must pay restitution
Violation: Misappropriated or converted money belonging to an insurer or insured
Netco, Inc. of Arlington
Order Number: 100096
Date of Order: 2/9/2010
Order Final In: February
Action Taken: Fine $3,000
Violation: Failure to comply with title insurance procedures for issuing title policies excluding mineral coverage
Pink, Larry Martin of Desoto
Order Number: 100118
Date of Order: 2/17/2010
Order Final In: February
Action Taken: General Property and Casualty License and General Life, Accident and Health License revoked
Violation: Engaged in fraudulent or dishonest acts or practices
Scarber, Diana Gail of Mesquite
Order Number: 100082
Date of Order: 2/1/2010
Order Final In: February
Action Taken: Fined $2,250; General Life, Accident and Health License suspended for 180 days
Violation: Failure to comply with Commissioner’s Order
Sparkman, Billy Wayne of College Station
Order Number: 100110
Date of Order: 2/16/2010
Order Final In: February
Action Taken: General Life, Accident and Health License revoked
Violation: Improper sale of unauthorized annuity contracts
LICENSE APPLICATION ACTIONS
Garcia, Daniel of Edinburg
Order Number: 100098
Date of Order: 2/9/2010
Order Final In: February
Action Taken: General Property and Casualty License denied
Violation: Material misstatement on license application
Seroka, Rick William of Westchester, IL
Order Number: 100112
Date of Order: 2/16/2010
Order Final In: February
Action Taken: Non-Resident Insurance Adjuster License denied
Violation: Failed to meet licensure requirements
For more information contact:
Last updated: 03/30/2010
