Shreveport Insurance Agent Arrested and Served with a Summary Suspension, Notice of Proposed Action, License Revocation and Fine Notice

A Shreveport insurance agent was arrested by the Louisiana State Police Insurance Fraud/Auto Theft Unit and served by Louisiana Department of Insurance Fraud Section Investigators on November 3, 2011 with a Notice of Proposed Action, License Revocation and Civil Fine Notice for alleged insurance fraud and forgery.

Stephanie Losey, 57, was arrested yesterday on one count of insurance fraud and served by the Department of Insurance Fraud Section Investigators with a Summary Suspension, Notice of Proposed Action, License Revocation and $5,500 Fine Notice for alleged insurance fraud and forgery.

It is alleged that Losey falsely and fraudulently completed and signed an application for a life insurance policy on an individual without his consent and without personally obtaining the information on the application. She is further alleged to have witnessed another party forge the name of the applicant on the policy.

According to Department records, Losey was issued Life, Accident and Health licenses in March 2001 and an Industrial Fire license in May 2001, all of which were summarily suspended on November 3, 2011.  Losey has 30 days from time of service to appeal this 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.