Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that former life insurance agent Russell Lowery, of Olmsted Falls, was sentenced in Cuyahoga County Common Plea Court to two years of probation for theft and insurance fraud and ordered to pay $7,714.31 in restitution to the insurance company.
His license has been revoked by the insurance department.
A department investigation determined that Lowery filed 69 bogus life policy applications in 2009 and received advanced commissions from the insurance company in which the policies were written.
Source: Ohio Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
China Plans $29 Billion Capital Injection Into Biggest Insurers 
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims 
Florida House Panel Approves Bill to Waive Permits on Work of Less Than $7,500 
