The Department of Consumer and Business Services (DCBS) revoked the insurance agent license of J. Henry Edgmond of Portland, Ore., for misappropriating funds belonging to Stewart & Tunno Insurance Agency Inc.
An investigation by the DCBS Insurance Division found that the agent used a $500 check, drawn on the premium trust account of Stewart & Tunno Insurance Agency, to pay the rent on his apartment. Edgmond repaid the money after the agency discovered he had misappropriated the funds.
Was this article valuable?
Here are more articles you may enjoy.
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
Roof Costs Soar Even as Claims Decline: Verisk 
Amazon’s Ring Sued Over Facial Recognition Feature 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete From This Issue
