Fishy collections lead to license revocation
Published 12:00 am Thursday, April 9, 2009
VIDALIA — A Vidalia insurance agent’s license has been revoked because he allegedly collected premiums but did not remit them to an insurance company.
The Louisiana Department of Insurance Fraud Section issued William Christopher Jackson, 38, a cease and desist order, a license revocation and a fine notice Tuesday, according to a statement from the department.
Jackson allegedly failed to remit to an insurance company $3,061.70 in premiums he collected between September and November 2008.
A $1,662.65 bond Jackson had on deposit was applied to the balance he owed the company, leaving him with a $1,419.23 debt, according to the statement.
Jackson was issued an industrial fire and home service license in February 2007, which was in effect until Tuesday.