Missouri Issues Warning About Agent Barred from Insurance Business

The Missouri Department of Insurance says it has received reports that an agent previously barred from the insurance business has been selling policies illegally.

The department revoked the insurance license of former agent Wendi Glass and her company VMG Inc. last September, but has received reports that Glass has been selling insurance illegally since that time.

The department said Glass was arrested by St. Louis County Police on May 1 and charged with forgery and stealing.

An investigation found that Glass collected homeowners and auto insurance premiums from consumers, but never submitted the money to an insurance company, according to the insurance department. That left consumers and lenders believing incorrectly that insurance coverage was in place.

Department Director John M. Huff says according to recent complaints, Glass may have given her customers forged insurance policy documents.

“We strongly encourage consumers who did business with Ms. Glass or VMG to do some research and find out whether they actually have insurance coverage,” said Huff. “The worst-case scenario is that consumers don’t learn they’re uninsured until after they have a claim.”

Huff advises consumers and lenders to verify any insurance policies sold by Glass or VMG, which may also be called Versatile Management Group Inc. He says they should contact the insurance company listed on the policy to determine if the coverage is valid. Consumers needing help locating the insurance company can contact the Department of Insurance.

Consumers are encouraged to file complaints against agents or insurance companies they believe have violated Missouri law. Since the beginning of 2012, the department has revoked the licenses of 11 insurance agents.

Source: Missouri Department of Insurance

Topics Agencies Missouri