The Department of Consumer and Business Services (DCBS) revoked the insurance agent license of a Gresham man, Allan E. Richard, for violating the Oregon Insurance Code.
An investigation by the DCBS Insurance Division found that Richard backdated an insurance application to cover a loss. As a result of his dishonesty, Millers Casualty Insurance Co. paid a total of $104,280.15 in claims for an auto accident that occurred before insurance coverage was in effect. Richard has been licensed as an Oregon resident insurance agent since 1968.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs From This Issue
