North Louisiana Agent Arrested and Served with Summary Suspension, Cease and Desist Order, Fine Notice and Notice of Proposed Revocation
A North Louisiana agent was arrested and served by Department of Insurance Fraud Section Investigators yesterday with a summary suspension, cease and desist order, fine notice and notice of proposed revocation for alleged forgery and misappropriation of insurance premiums.
Amanda Dawn Hibbard Spencer, 35, was arrested by the Louisiana State Police Insurance Fraud/Auto Theft Unit yesterday on 15 counts of Unfair Trade Practices and 15 counts of Forgery. She was also served by the Department of Insurance Fraud Section Investigators yesterday with a summary suspension of her license, a cease and desist order, a $7,000 fine notice and notice of proposed license revocation for alleged forgery and misappropriation of insurance premiums.
It is alleged that Spencer completed and forged signatures on at least 18 applications for insurance without the named applicant’s knowledge or consent, which resulted in her receiving $5,300 in unearned commissions.
Department records show that Spencer was issued a Life Insurance license and an Accident and Health license in January 2006, both of which were valid until the time of service. She has 30 days from time of service to request an administrative appeal or her license will be revoked.
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.