North Dakota’s insurance commissioner says he’s served a cease-and-desist order on a Fargo-area insurance agent accused of failing to pay taxes and mishandling premium payments.
Commissioner Adam Hamm says the order bars Robert Schmitz and his Schmitz Insurance Agency from engaging in the insurance business until further notice. The agency has offices in Fargo, Finley, Gardner, and Stephen, Minn.
Schmitz did not immediately respond to a phone message left at the agency’s Fargo office.
Hamm says in a release that Schmitz allegedly accepted payments and failed to make timely premium payments on behalf of clients, resulting in cancellation notices. Hamm says Schmitz also and issued checks with insufficient funds and faces tax liens from the IRS and state tax department.
Schmitz can request an administrative hearing within 30 days.
Small Health Insurers Assuming Big Role In Many States Under Obamacare
11 U.S. Weather Disasters in 2012 Cost More Than $1 Billion Each
Encompass Looks to PGA Sponsorship to Improve Brand
Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers
The Hartford Ordered to Pay $20M to Auto Body Shops
Broker Awarded $ 3.8M Verdict in Reputation Suit
Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion
Fracking Companies Silence Water Complaints With Sealed Settlements
Sign up to receive insurance news alerts!
