FOR IMMEDIATE RELEASE

September 28, 2011

Ruston Insurance Agent Served with a Notice of Proposed Action, License Revocation and Fine Notice

A Ruston insurance agent was served by Louisiana Department of Insurance Fraud Section Investigators on September 27 with a Notice of Proposed Action, License Revocation and Civil Fine Notice for alleged misappropriation.  

Achillea Kirkikis, 33, was served by the Department of Insurance Fraud Section Investigators yesterday with a Notice of Proposed Action, License Revocation and $6,000 fine notice for misappropriation of annuity premiums.

It is alleged that Kirkikis misappropriated $111,000 in annuity premiums and provided the client with fraudulently altered annuity contracts that belonged to another person. He also allegedly promised to repay the funds on two occasions and currently owes a balance over $60,800.

On August 8, 2011, he was arrested by the Financial Crimes Task Force and charged with Theft in relation to these allegations.

According to Department records, Kirkikis was issued a Life and Accident and Health license in June 2002 which is active until revocation on October 27, 2011. Kirkikis 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.