Lake Charles producer issued c&d and summary suspension of
licenses, Insurance Commissioner Donelon announces
Released: April 27, 2006
Lake Charles - A Lake Charles producer was issued a c&d and summary suspension
of his licenses for allegedly misappropriating insurance premium payments.
Darren Shawn Gaspard, 41, was served with a c&d and summary suspension of his
licenses today by Department of Insurance Fraud Unit Investigators. They also suspended
the licenses of GMA Agencies Inc., of which he is sole owner and president.
Gaspard allegedly failed to remit to insurance companies over $50,000 in premiums
for at least six (6) different policies for commercial and/or homeowners insurance
coverage. Today's action results after the Department of Insurance received numerous
complaints following Hurricane Rita from consumers who discovered they did not have
coverage when they filed damage claims with their insurance companies. In addition,
he is alleged to have submitted false and/or fraudulent information to the Department
of Insurance in regard to the complaints against him and GMA Agencies, Inc.
Department of Insurance records list the business address of GMA Agencies Inc.,
as 1634 Ryan Street, Lake Charles, and Gaspard's residence address as 2325 Barbe
St., Lake Charles. Records show Gaspard held a Property & Casualty license from
June 1991 until today's action. He previously held a Life, Health & Accident
license from May 1990 until today's action; and a Variable Annuity license from
February 1992 until May 2000.
Commissioner Donelon urges consumers who feel uneasy about any insurance-related
transaction to call the Department of Insurance Fraud Unit at 225-342-4956 or 1-800-259-5300.
If callers dont want their names used, they can request that their involvement
be kept confidential.