The Office of the Insurance Commissioner has announced disciplinary fines against a pair of agents practicing in the South Sound for violating state regulations, while another had the revocation of his insurance producer license upheld.
Janet Pack of Tacoma was fined $1,500 for selling an annuity to a consumer that was not suitable for the consumer’s needs — a violation of state law.
Jamie D. Allen of Gig Harbor was fined $250 for failing to disclose her criminal history on two separate producer license applications.
Mario Thomas Mathews of Tacoma originally had his insurance producer license revoked in August 2016 for processing 32 fraudulent insurance policy endorsements, making false statements regarding 200 cars for which he lacked an insurable interest, and fraudulently adding 99 drivers under the age of 25 to policies and 98 additional residences occupied to policies. The total amount of these transactions was more than $129,000, which he paid on his credit card and then reversed. The insurance agency where he worked terminated his affiliation in January 2016.
Mathews appealed the revocation and demanded a hearing, during which the presiding officer upheld the order to revoke Mathews’ license.