Released 9-16-08

A Shreveport bail bond agent and his agency have been issued a cease and desist order, summary suspension and fine notice today for alleged misappropriation of premiums. An unlicensed individual was also issued a cease and desist order for conducting the business of insurance without a license.

Anthony Webb, Sr., 42, and his agency, El Shaddai Bail Bonds, were served today with a cease and desist order, summary suspension and a $5,500 fine notice by Department of Insurance Fraud Section Investigators for alleged misappropriation of premiums. It is alleged that Webb submitted several checks to the company with which he was contracted that were returned for non-sufficient funds, as well as failed to remit premiums on at least 11 bonds. El Shaddai Bail Bonds had been previously issued cease and desist orders on August 28. Today’s action on the agency was a reinforcement of the previous orders.

Anthony C. Webb, Jr. is alleged to have acted as a licensed bail bond agent although he has never been licensed by the Department of Insurance. It is also alleged he solicited business as a licensed agent under the name “Baby Boy Bail Bonds” by posting advertisements listing himself as the owner/agent.

Department records show that Anthony Webb, Sr. held a Bail Bond license from July 1999 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.