Many Insurance Agent Issued a Cease and Desist Order, Summary Suspension and Fine Notice

Released: August 29, 2008

A Many area insurance agent has been issued a cease and desist order, summary suspension and fine notice today for alleged misappropriation of premiums.

Nancy Campbell Murphy, 36, was served with a cease and desist order, summary suspension of her license and a $1,000 fine notice today by Department of Insurance Fraud Section Investigators for allegedly misappropriating premium payments.

It is alleged that Murphy converted funds from premium payments to her own personal use and created false PFA bank statements between November 2007 and March 2008 in attempt to cover her actions.

Department records show that Murphy was issued a Property and Casualty license in October 2003 and a Life and Health license in June 2003, both which were valid until today’s action.

Commissioner Donelon urges consumers who feel uneasy about any insurance related transaction to call the Department of Insurance Fraud Section at 225-342-4956 or 1-800-259-5300. If callers do not want their names used, they can request that their involvement be kept confidential.