A former licensed California insurance coverage agent has been charged with 11 felony counts together with identification theft, grand theft and embezzlement after allegedly writing 162 fraudulent insurance policies in an try to realize unearned commissions.
The California Division of Insurance coverage started an investigation into Paul Kirton, 51, of Bozeman, Montana, after an insurance coverage firm was reportedly notified by one in every of their insureds that they weren’t employed by the corporate listed on their coverage.
The investigation reportedly revealed that Kirton wrote 162 insurance policies for 38 policyholders below “firm teams” who have been by no means employed with the businesses, making the people ineligible to be positioned on the corporate group accounts. This prompted the insurance coverage firm to allegedly pay out greater than $182,376 in unauthorized declare advantages on fraudulent insurance policies, based on the CDI.
Investigators additionally reportedly found Kirton submitted different coverage functions for people who didn’t authorize the coverage functions, and supplied false private data for people which resulted in Kirton being paid greater than $35,000 in unlawful advance commissions.
Kirton was arrested in late March in Bozeman, Montana and is at the moment awaiting extradition. His lawyer appeared in court docket this week on his behalf. The case is being prosecuted by the Orange County District Legal professional’s Workplace.
Subjects
California
Agencies
Fraud
Was this text priceless?
Listed here are extra articles you might take pleasure in.
Excited by Businesses?
Get computerized alerts for this matter.
