CDI Orders $100,000 Fine against Northridge Agent

July 1, 2002

California Insurance Commissioner Harry Low has issued an Order for a Monetary Penalty of $100,000 against David Mandel, doing business as Complete Financial & Insurance Services, and 1-800-4-Insure Insurance Services Inc., automobile insurance agencies owned and controlled by Mandel.

Mandel and 1-800-4-Insure stipulated to the order to settle accusations the California Department of Insurance (CDI) filed in July 2001 charging the agent and agencies with placing numerous false garaging addresses on auto applications to obtain lower premium rates for customers in 1995 through early 1997.

CDI also accused the agencies of having unlicensed persons selling insurance between 1996 and 1998, and failing to place coverage for several customers between 1996 and 1998.

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