Usually these are crimes of opportunity. Weak financial/accounting controls get exploited by the crafty. Shame on any state insurance commissioner that does not mandate segregated accounts for premium funds.
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This happens all the time and yet I see very few agencies that carry employee dishonesty coverage.
Usually these are crimes of opportunity. Weak financial/accounting controls get exploited by the crafty. Shame on any state insurance commissioner that does not mandate segregated accounts for premium funds.