Released: September 4, 2009

A Denham Springs area bail bond agent has been issued a cease and desist order, summary suspension of his license and fine notice yesterday for alleged misappropriation of premiums.

Scotty Lee Tull, 44, was served by Department of Insurance Fraud Section Investigators on September 3 with an order to cease and desist from engaging in the business of insurance, a summary suspension notice and an $8,400 fine notice.

Tull is alleged to have collected over $15,629 in premiums from defendants needing to secure bail bonds, which he did not remit to the company. After subtracting commissions owed to him, Tull currently owes the company $10,842.

Department records show that Tull was issued a Bail Bond license in May 2006 which was valid until it was summarily suspended yesterday. His license will be permanently revoked in 30 days unless he requests a hearing with the Department.

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.