Albany Insurance Agent Arrested and Issued C&D, Insurance Commissioner
Released: December 7, 2006
An Albany insurance agent was arrested and issued a cease and desist order on charges
of fraud, forgery and misappropriation of funds, Commissioner of Insurance Jim Donelon
Roberta Ann Schaferkotter, age 63, surrendered to the State Police Insurance Fraud
Unit at the Ascension Parish Jail in Donaldsonville yesterday where she was booked
on five counts of forgery and two counts of insurance fraud. Today, she was ordered
to cease and desist from engaging in the business of insurance and her insurance
licenses were suspended by members of the Department of Insurance Fraud Section.
A joint investigation by the Department of Insurance Fraud Section and the State
Police Insurance Fraud Unit found that Schaferkotter allegedly failed to remit premiums
and submitted fraudulent life insurance applications to her employer in order to
obtain cash proceeds. It is alleged she bound fraudulent life insurance coverage
for at least thirty-one (31) clients without their knowledge, listing herself and
her relatives as the beneficiaries. She is further alleged to have made loans against
these fraudulent policies and received payment through their cash surrender.
Department of Insurance records show that Schaferkotter obtained a Property &
Casualty license in October 1991 and a Life & Health license in May 1991, both
of which were suspended by today's action.
Commissioner Donelon urges consumers who feel uneasy about any insurance-related
transactions with an agent or a company to call the Department of Insurance Fraud
Section 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.