Released: May 5, 2009
A Houma area agent has been served with a cease and desist order, notice
of license revocation and fine today for alleged misappropriation of premiums.
Al Patrick Boudreaux, Jr., 27, was served by Department of Insurance Fraud
Section Investigators today with a cease and desist order, notice of license
revocation and a $5,000 fine notice. Boudreaux is alleged to have collected
from insureds $11,336 in life insurance premiums, which he failed to remit
to the company. Part of this amount has been repaid to the company, leaving
Boudreaux currently owing $10,318.
Department records show that Boudreaux
held an Industrial Fire license from March 2003 through April 2009. He
was also issued a Home Service license
in April 2003, which was valid until today’s action.
Donelon urges consumers who feel uneasy about any insurance related transaction
to call the Department of Insurance Fraud Section at
1-800-259-5300. If callers do not want their names used, they can request
that their involvement be kept confidential.