A formerly licensed insurance agent in Oklahoma, Matthew Hammer, has been sentenced for fraud. Hammer pled guilty to one felony count of Obtaining Property by False Pretense and was sentenced to a three-year deferred felony sentence with an initial 30-day term of incarceration. The Oklahoma Insurance Department said Hammer submitted fictitious policy applications to the American Family Life Assurance Co. of Columbus (AFLAC) and fraudulently collected nearly $3,000 in advance commissions.
Was this article valuable?
Here are more articles you may enjoy.
Married Massachusetts Insurance Brokers Plead Guilty to Defrauding Clients of $750K 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years From This Issue
