An East Baton Rouge Parish insurance agency owner recently was served by Louisiana Department of Insurance Fraud Division investigators with a summary suspension and a cease and desist order for alleged misappropriation of insurance premium funds.
Weldon Jerome Campbell, a property/casualty producer and owner of Alpha Insurance Agency of Louisiana Inc. in the City of Baker is alleged to have misappropriated more than $1400 in insurance premium.
According to investigators, Campbell accepted premium payments from a client but failed to remit the premium, resulting in cancellation of the client’s insurance coverage. Campbell faces revocation of his insurance producer license as well as a possible fine imposed by the Commissioner of Insurance.
Campbell has 30 days from the time of service to request an administrative appeal or the above actions will become final.
Source: Louisiana Department of Insurance
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa 
Parkland Shooting Wasn’t Multiple Incidents With Multiple Deductibles, Court Says 
Authorities in Miami Investigating Death of Passenger on Cruise Ship 
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report 
