TDI January Enforcements Include $373.5K in Fines, Restitution

Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during January 2011 include seven license revocations, four license denials and fines and restitution totaling $373,523.

Commissioner’s orders are subject to appeal to state district court.

Final Disciplinary Orders for January 2011:

Barton, Kurt Branham of Austin
Order Number: 110052
Date of Order: 1/14/2011
Order Final In: January
Action Taken: General Life Accident and Health License revoked
Violation: Engaged in fraudulent or dishonest acts or practices — investment scheme

Benefits Assistance, Inc. of Richardson
Order Number: 110037
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Fined $12,000; Third-Party Administrator certificate of authority revoked
Violation: Filed to timely file annual report; Failed to pay annual report filing fees

Bristol West Specialty Insurance Company of Davie, Fla.
Order Number: 110069
Date of Order: 1/25/2011
Order Final In: January
Action Taken: Fined $1,500
Violation: Failed to timely respond to requests for information from TDI; Failed to timely file Certificate of Compliance of Advertising form

Carrasco, Fermin of Katy
Order Number: 110071
Date of Order: 1/25/2011
Order Final In: January
Action Taken: Escrow Officer License revoked
Violation: Misappropriated or converted money belonging to an insurer or insured; Acted as an escrow officer without a proper license

CEO Clubs, Inc. of New York, N.Y.
Order Number: 110050
Date of Order: 1/14/2011
Order Final In: January
Action Taken: Consent order
Violation: Unauthorized insurance

Chartis Property Casualty Company of New York, N.Y.
Order Number: 110051
Date of Order: 1/14/2011
Order Final In: January
Action Taken: Fined $10,000; Must pay restitution
Violation: Improper automobile insurance rate plan.

Chavez, Maria De Lourdes of Sebastian
Order Number: 110035
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Escrow Officer License revoked
Violation: Misappropriation of escrow funds; Fraudulent or dishonest practices

D&B Administrators Inc. of Grapevine
Order Number: 110038
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Fined $12,000; Third Party Administrator certificate of authority revoked
Violation: Failed to timely file annual reports and pay filing fees

Eagle Employee Benefit Services Inc. of Amarillo
Order Number: 110036
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Fined $12,000; Third Party Administrator certificate revoked
Violation: Failed to timely file annual report

Five Star Title LLC of Seguin
Order Number: 110021
Date of Order: 1/11/2011
Order Final In: January
Action Taken: Fined $5,000;
Violation: Provided thing of value to solicit business of title insurance

Gonzalez, Sandra Patricia of Baytown
Order Number: 110022
Date of Order: 1/11/2011
Order Final In: January
Action Taken: General Property and Casualty License cancelled
Violation: Misappropriated or converted money belonging to an insurer or insured

Hardesty, James Edgar of Taylors, S.C.
Order Number: 110025
Date of Order: 1/11/2011
Order Final In: January
Action Taken: General Life, Accident and Health License revoked; Must pay restitution of $69,244
Violation: Misappropriated or converted money belonging to an insurer or insured; unauthorized insurance; Failed to timely respond a TDI request for information

Houston Republic Title Company LLC of Katy
Order Number: 110063
Date of Order: 1/21/2011
Order Final In: January
Action Taken: Fined $500
Violation: Failed to timely file annual statistics report

ITCOA LLC d/b/a Independence Title Company of Austin
Order Number: 110023
Date of Order: 1/11/2011
Order Final In: January
Action Taken: Fined $41,500
Violation: Failed to comply with Procedural Rule P-53 of basic manual

Jumping Jingle Moonwalks LLC of Fresno
Order Number: 110086
Date of Order: 1/27/2011
Order Final In: January
Action Taken: Cited for violation of state statutes
Violation: Failed to file certificate of inspection and schedule of operations for mobile amusement rides

Jumping J-Jays Franchises USA LLC of Dallas
Order Number: 110085
Date of Order: 1/27/2011
Order Final In: January
Action Taken: Cited for violation of state statutes
Violation: Failed to file certificate of inspection and schedule of operations for mobile amusement rides

Maclean Oddy & Associates Inc. of Dallas
Order Number: 110032
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Fined $15,029
Violation: Failed to timely file new or renewal surplus lines policies and related documents

Madden, Charles Douglas; Madden, Jeffery Neil, AGAP Life Offering, LLC and AGAP of Texas, LLC of Dallas
Order Number: 110058
Date of Order: 1/18/2011
Order Final In: January
Action Taken: Appeal of cease and desist order denied
Violation: Unauthorized insurance

Munson, William Benjamin IV and Roberts, JoAnn of Denison
Order Number: 110056
Date of Order: 1/18/2011
Order Final In: January
Action Taken: Fined $5,000 and $750
Violation: Failed to comply with Procedural Rule P-22 of the Basic Manual; Unauthorized insurance

SCOR Global Life U.S. Re Insurance Company of Plano
Order Number: 110042
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Fined $99,000
Violation: Failed to timely file independent audit reports; Failed to comply with Commissioner’s Order

SCOR Global Life U.S. Re Insurance Company of Texas of Plano
Order Number: 110043
Date of Order: 1/13/2011
Order Final In: January
Action Taken: Fined $90,000
Violation: Failed to timely file independent audit reports; Failed to comply with Commissioner’s order

Source: Texas Department of Insurance

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