The Illinois Department of Insurance on May 28, 2010, ordered Roberto Garcia and RG International to stop transacting insurance business in the state and now has scheduled a June 23 public hearing on the case.
Garcia, individually and through his business entity, RG International, is alleged to have advertised, solicited and sold insurance policies and contracts, and collected premiums while not licensed as an insurance producer in Illinois. According to the department, Garcia’s producer’s license lapsed in October 2009 and his business entity, RG International, could not continue to operate without a licensed member.
Garcia and RG International are required to attend the hearing. It’s possible that Insurance Department Director Michael McRaith could impose additional sanctions, including fines at that time.
The public hearing will be held in the department’s Chicago office at 100 West Randolph Street, Suite 9-301.
Source: Illinois Department of Insurance
Topics Illinois
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