A Gretna, La., insurance agent has been issued a cease and desist order, notice of license revocation and fine for misappropriation of premiums and felony theft, the Louisiana Department of Insurance reported.
Nancy Marie Coleman, 35, was served by the department’s Fraud Section investigators with a cease and desist order, notice of license revocation and a $2,000 fine for misappropriation. Coleman was arrested by the Gretna Police Department in May 2008 and pled guilty to felony theft charges. She is currently serving a five-year probationary period.
Coleman admitted she failed to remit insurance premiums to the company and that she wrote agency checks to her personal account.
Department records show that Coleman was issued a Property & Casualty license in November 2001, which was valid until the current action.
Source: Louisiana Department of Insurance
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