The Michigan Department of Insurance and Financial Services (DIFS) has issued a cease and desist order against Angella Swain-Jones (alias Stacey or Sarah) and summarily suspended the insurance license of Cornell Jones and his agency Select Insurance Services of Flint.
The department said Swain-Jones has been found to be pocketing client premiums and issuing fraudulent insurance certificates. Regulators accuse Jones of allowing illegal activity in his licensed agency.
MichiganLive (www.mlive.com) reported that Cornell Jones is a police officer in Flint, Mich.
Consumers who have purchased what they think is insurance from Swain-Jones should verify coverage with their insurer, and obtain valid insurance immediately.
Swain-Jones’ resident insurance producer license was revoked by DIFS on Dec. 16, 2014, after DIFS found that she misappropriated client’s premium payments for personal use and was issuing fake insurance certificates.
After having her producer license revoked by DIFS, Swain-Jones began working at Select Insurance Services, located at in Burton, Mich. A joint review, conducted by insurers and DIFS, revealed Swain-Jones was again misappropriating client’s insurance payments and issuing fake insurance certificates, the department said.
DIFS handed the results of its investigation over to law enforcement agencies.
Source: Michigan DIFS
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