New York State
Insurance Department
 

DISCIPLINARY ACTIONS


April 30, 1999

The following tables show the Licensee in Column One,  Address in Column Two, and the Penalty in Column Three.  The bottom row of each table describes the circumstances.  

NEW YORK STATE INSURANCE DEPARTMENT TAKES DISCIPLINARY ACTIONS
AGAINST AGENTS, BROKERS & ADJUSTERS

The New York State Insurance Department has taken disciplinary action against the following licensees. The ones categorized as a stipulation have been agreed to by the licensee. Department hearings are subject to judicial review and possible stay of enforcement.

CAPITAL REGION

STIPULATIONS

LICENSEE ADDRESS PENALTY

Avery, Eric P.
 

Becker, Steven R

Flynn, Daniel P.

100 State Farm Pl.
Ballston Spa, NY

Same as above

Same as above

$500 fine
 

$500 fine

$500 fine

Submitted inaccurate information on their licensing applications to become independent adjusters.

 

LICENSEE ADDRESS PENALTY

Evens, George A.
(agent and broker)

t/b/a Evens Insurance Agency

423 Lake Ave.
Lake Luzerne, NY

$5,000 fine

Failed to file required disclosure statements while he was broker of record for town of Lake Luzerne, NY.

 

LICENSEE ADDRESS PENALTY

Gibbs, Robert J.
(agent)

6 VanNess St.
Waterford, NY

License revoked

Plead guilty to petty larceny in connection with collecting premiums, which he failed to forward to the insurer.

 

LICENSEE ADDRESS PENALTY
Hudson Valley Auto Appraisers
of Albany, Inc.
(Independent adjuster)

Rose, Edward T.
(sublicensee)

474 Sand Creek Rd.
Albany, NY

$750 fine

Employed an unlicensed individual to act as an independent adjuster.

 

LICENSEE ADDRESS PENALTY

Saddlemire, Wayne F.
(agent)

76 Washington St.
Saratoga Springs, NY

$1,820 fine

Collected premium funds but failed to forward them to the appropriate insurers. Saddlemire also continued working in insurance after his license expired.

 

LICENSEE ADDRESS PENALTY

Saratoga Community
Insurance Agency, Inc.
(agent)

Federice, Robert J.
(agent, broker & sublicensee)

219 Broadway
Saratoga Springs, NY
 

Same as above
 

$5,000 fine

Accepted a premium payment but failed to obtain insurance coverage or return the funds for two years.

 

CENTRAL REGION

HEARINGS

LICENSEE ADDRESS PENALTY
Sbarra, Louis M.
(agent and broker)

327 Robble Ave.
Endicott, NY

License revoked and
$1,000 fine

Convicted of grand larceny in the fourth degree for collecting premium payments and converting them to his own use.

 

STIPULATIONS

LICENSEE ADDRESS PENALTY
Arbitrage Adjusting Services Inc.
(Independent adjuster)

Devoe, John C.
(sublicensee)

108 Ambergate Rd.
Syracuse, NY

$250 fine

Conducted business under an unlicensed name.

 

LICENSEE ADDRESS PENALTY

Hewitt, Jeffrey J.
(agent)

8429 Moss Oak Trail
Liverpool, NY

$1,500 fine

Completed an automobile insurance application with an effective date of December 15, 1997, but issued insurance identification cards with an earlier effective date.

 

LICENSEE ADDRESS PENALTY
Murray, Gregory P.
(agent)

1400 Elm Circle
Camilius, NY

$500 fine

Failed to disclose to applicants for new sickness income policies that the existing hospital policies were to be cancelled.

 

LICENSEE ADDRESS PENALTY
Remillard, Henry L.
(agent)

1035 Wavell Rd."Rotterdam, NY

$750 fine

Violated Regulation 60* when he sold an annuity.

 

MID-HUDSON REGION

LICENSEE ADDRESS PENALTY
Botello, Patricia
(broker)

2 Main St.
Haverstraw, NY

License revoked

Collected a premium payment, but failed to forward it to the insurer in a timely manner and issued premium checks that were dishonored by the bank.

 

LICENSEE ADDRESS PENALTY
Schwarz, John M.
(broker)

29 Marjorie Dr.
Suffern, NY

License revoked

Schwarz plead guilty to conspiracy to commit mail fraud.

 

LICENSEE ADDRESS PENALTY
Terranova, Paul C.
(broker)

145 Main St.
Nanuet, NY

License revoked

Collected premium funds but failed to forward entire amount to the insurer. In addition, Terranova’s check to the Department for his license renewal was dishonored by the bank.

 

STIPULATIONS

LICENSEE ADDRESS PENALTY
DLA Insurance Brokerage Inc.
(broker)

Alicea, Doris L.
(broker and sublicensee)

289 Hempstead Rd.
Spring Valley, NY

Same as above

$3,500 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced. In addition they were decertified from the New York Automobile Insurance Plan for various violations of Plan Rules.

 

LICENSEE ADDRESS PENALTY
Brea, Haydee A.
(agent and broker)

t/b/a Melrose Brokerage

348 E. Grassy Sprain Rd.
Yonkers, NY

$2,000 fine

Suspended by the New York Auto Insurance Plan for 60 days due to submitting deficient applications and other violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Marmol, Miledy
(broker)

2 Conklin Ave.
Haverstraw, NY

$500 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Otero, Jose
(agent)

712 Bloomingrove Tpke.
Vails Gate, NY

$500 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

NORTHERN REGION

HEARINGS

LICENSEE ADDRESS PENALTY
T. R. Chellis Agency, Inc.
(broker)

Chellis, Thomas R.
(sublicensee)

215 Washington St.
Watertown, NY

License revoked
 

License revoked

Collected premium payments and issued certificates of insurance but failed to forward payments to the insurer.

 

WESTERN REGION

HEARINGS

LICENSEE ADDRESS PENALTY
Maiola, Donald
(broker)

1190 Orchard Park Rd.
West Seneca, NY 14224

License revoked

Failed to provide supervision to his unlicensed employees conducting insurance business and allowed an employee, whose license had been revoked, to conduct insurance business. In addition, Maiola issued fourteen premium checks that were dishonored by the bank.

 

STIPULATIONS

LICENSEE ADDRESS PENALTY
Doan & Co. Auto Appraising Inc.
(adjuster)

Laganiak, John M.
(sublicensee)

6351 Transit Rd.
Buffalo, NY

$7,000 fine

Laganiak compensated an unlicensed individual to perform appraising work for insurance companies.

 

LICENSEE ADDRESS PENALTY
L. J. Dolloff & Associates,
Inc.

Dollof, Lawrence J.
(agent, broker&sublicensee)

120 Delaware Ave.
Buffalo, NY

4615 Greenboro Rd.
Williamsville, NY

$1,900 fine and $1,500 fine

In 1991, was late in filing required excess line affidavits. In addition, in 1996 issued a binder to a client for coverage although they did not have authority to bind the coverage on behalf of insurer.

 

LICENSEE ADDRESS PENALTY
Herberger, Melvin E.
(agent)

96 Puritan Rd.
Tonawanda, NY

$2,116 fine

Violated Department Regulation 60* when he placed a life insurance policy with The Prudential Insurance Company and one with Gerber Life Insurance Company.

 

LONG ISLAND

HEARINGS

LICENSEE ADDRESS PENALTY
Dragone, Coleen
(broker)

35 Pinelawn Rd.
Melville, NY

License revoked

Allowed individuals who were discertified by the New York Automobile Insurance Plan to conduct business under her name.

 

LICENSEE ADDRESS PENALTY
Lewis, John
(broker)

379 Sunrise Hwy
Lynbrook, NY

License revoked

Collected two payments and failed to forward one in a timely manner and the other in its entirety. Enabled an unlicensed individual to issue automobile insurance identification cards.

 

LICENSEE ADDRESS PENALTY
Marcello, Anthony P.
(broker)

656 North Wellwood
Lindenhurst, NY

License revoked

Collected premiums but neglected to forward to the appropriate insurer, failed to return premiums to insured and issued premium checks that were dishonored by the bank.

 

LICENSEE ADDRESS PENALTY
Martelli, John M.
(agent and broker)

37 E. Shore Dr.
Babylon, NY

License revoked

Violated Regulation 60* when he placed a life insurance policy with The Prudential Life Insurance Company.

 

LICENSEE ADDRESS PENALTY
Rothermel, Ronald
(agent)

11 Cedar St.
Centereach, NY

License revoked

Failed to respond to the Department’s request for information after indicating on his license renewal application that he had been declared bankrupt.

 

LICENSEE ADDRESS PENALTY
Sandino, Nidia
(broker)

1433 New York Ave.
Huntington Station, NY

License revoked

Collected premium payments but failed to forward them to the appropriate insurer. In addition, Sandino issued premium checks that were dishonored by the bank.

 

LICENSEE ADDRESS PENALTY
Scaglione, John M.
(broker)

125 Carleton Ave.
Central Islip, NY

License revoked

Decertified by the New York Automobile Insurance Plan for various violations of Plan rules. In addition, Scaglione issued premium checks that were dishonored by the bank.

 

LICENSEE ADDRESS PENALTY
Tehrani, Saeid
(broker)

146 Parkside Drive
Roslyn Heights, NY

$3,500 fine

Issued premium checks that were dishonored by the bank. Tehrani also commingled premiums with other funds.

 

LICENSEE ADDRESS PENALTY
Yehoshua, Ofra
(broker)

P. O. Box 4205
Great Neck, NY

$1,350 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced. Yehoshua also commingled premiums with other funds.

 

STIPULATIONS

LICENSEE ADDRESS PENALTY
Ackerman, Marvin
(agent)

100 West Broadway
Long Beach, NY

$2,500 fine

Misrepresented annual life insurance premiums to two insureds causing their policies to lapse.

 

LICENSEE ADDRESS PENALTY
Angerame, Regina
(agent)

26 Violet Rd.
Bayville, NY

$500 fine

Failed to indicate on her license renewal application that she owed the Internal Revenue Service for payroll taxes. On her 1997 renewal application, she failed to indicate that she filed for bankruptcy in 1995.

 

LICENSEE ADDRESS PENALTY
Formiglia, Michael A.
(agent)

15 Iroquois Ave.
Selden, NY

License revoked

Plead guilty to one count of disorderly conduct in connection and was sentenced to conditional discharge and ordered to make restitution to Prudential Insurance Company in the amount of $5,530.

 

LICENSEE ADDRESS PENALTY
Gioello, Salvatore P.
(agent and broker)

27 York St.
Malverne, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced. In addition, Gioello commingled premiums with other funds.

 

LICENSEE ADDRESS PENALTY
Levon, Josephine
(broker)

1635 Great Neck Rd.
Copiague, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Mondello, John P.
(agent and broker)

3 Ellen Ct.
Glen Head, NY

$55,500 fine

Between 1988 through 1992, violated Regulation 60* when placing life insurance policies.

 

LICENSEE ADDRESS PENALTY
O’Connell, Frank B.
(agent)

103 Benson Ave.
Sayville, NY

$2,520 fine

Issued a check to pay the Insurance Department for a disciplinary action that was dishonored by the bank.

 

LICENSEE ADDRESS PENALTY
Preferred Auto Insurance
Agency, Inc.
(broker)

Lieberman, Bruce A.
(broker and sublicensee)

120 Deer Park Ave.
Babylon, NY
 

336 E. Penn St.
Long Beach, NY

License revoked
 
 

Licenses revoked

Issued premium checks that were dishonored by the bank. Misappropriated premiums and violated New York Automobile Insurance Plan rules. In addition, an unlicensed employee, whose license had been revoked by department, was permitted to run office, sign checks and control the premium account.

 

LICENSEE ADDRESS PENALTY
Schachtman, David
(independent adjuster)

t/b/a Alpha USA

273 Auburn Ave.
Shirley, NY

$250 fine

Accepted a $200 advance for expenses but failed to return the unspent portion in a timely manner.

 

LICENSEE ADDRESS PENALTY
Shindana Associates, Inc.
(broker)

Lovett, Debra G.
(broker and sublicensee)

968 Suffolk Ave.
Brentwood, NY 11717

187 Tell Ave.
Deer Park, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
TEC Brokerage Agency.
(agent & broker)

Crawford, Thomas E.
(agent, broker & sublicensee)

403 Jericho Tnpke
New Hyde Park, NY

260-63 73rd Ave.
Glen Oaks, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

NEW YORK CITY

HEARINGS

LICENSEE ADDRESS PENALTY
Almanzar, Margie
(broker)

66 Overlook Terrace
New York, NY

License revoked

Decertified by the New York Automobile Insurance Plan for various violations of Plan rules. In addition, Almanzar collected a premium payment but failed to forward it to the insurer.

 

LICENSEE ADDRESS PENALTY
Alston, Samuel
(agent)

34 West 184th St.
Bronx, NY

$2,500 fine

Decertified by the New York Automobile Insurance Plan for a six-month period for various violations of Plan rules. In addition, Alston permitted an unlicensed employee to conduct insurance business in his absence.

 

LICENSEE ADDRESS PENALTY
Arroyo, Julio C.
(broker)

606 45 St.
Brooklyn, NY

License revoked

Issued premium checks that were dishonored by the bank, only some of which have been replaced.

 

LICENSEE ADDRESS PENALTY
Baez, Delfin
(broker)

1644 Madison St.
Ridgewood, NY

License revoked

Decertified by the New York Automobile Insurance Plan for various violations of Plan rules. In addition, Baez collected premium payments and failed to forward them to the insurers.

 

LICENSEE ADDRESS PENALTY
Caiazzo, Louis
(broker)

540 Pt. Richmond Ave.
Staten Island, NY

$100 fine

Failed to respond to a Department’s inquiry, which impeded an investigation.

 

LICENSEE ADDRESS PENALTY
Castillo, Virginia
(broker)

95-36 95th St.
Ozone Park, NY

$2,500 fine

Submitted an application to the New York State Automobile Plan which listed an applicant who denied having applied. In addition, Castillo failed to forward premium payments in a timely manner and issued a premium check that was dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Castro, Manuel
(broker)

38 W. Kings Bridge Rd.
Bronx, NY

License revoked

Issued a premium transmittal check, which was dishonored by the bank and commingled premiums with other funds.

 

LICENSEE ADDRESS PENALTY
Clunis, Andrew R.
(broker)

2130 Caton Ave.
Brooklyn, NY

$2,000 fine

Decertified for one year by the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Corleone, Christopher
(agent and broker)

3105 Brighton 3rd St.
Brooklyn, NY

License revoked

Failed to resolve outstanding violations after being decertified for six months by the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Estambul, Bernardo A.
(broker)

605 W. 141 St.
New York, NY

License revoked

Submitted an application to the New York Automobile Insurance Plan but did not forward a Driver’s Verification form. In addition, Estambul collected a premium payment but did not forward it to the insurer in a timely manner.

 

LICENSEE ADDRESS PENALTY
Estrella, Luisa C.
(broker)

90 Roebling St.
Brooklyn, NY

License revoked

Failed to respond to Department inquiries concerning the failure to return excess premiums to an insured. In addition, Estrella allowed a family member whose license had been revoked to collect premium funds.

 

LICENSEE ADDRESS PENALTY
Heaven Insurance
Brokerage Inc.
(broker)

Peralta, Justo A.
(broker and sublicensee)

1384 Grand Concourse
Bronx, NY
 

925 Thierot Ave.
Bronx, NY

$1,000 fine

Obtained a service fee without obtaining a signed service fee agreement and failed to return premium over-payment to an insured on a timely manner.

 

LICENSEE ADDRESS PENALTY
Karwowska, Eva
(broker)

288 Driggs Ave.
Brooklyn, NY

License revoked

Decertified by the New York Automobile Insurance Plan for issuing automobile identification cards without submitting corresponding applications.

 

LICENSEE ADDRESS PENALTY
Koreana Insurance Agency
(broker)

Nam H. Kim
(broker and sublicensee)

136-40 39th Ave
Flushing, NY

144-30 35th Ave.
Flushing, NY

$1,250 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced. In addition, premiums were commingled with other funds.

 

LICENSEE ADDRESS PENALTY
Krivorot, Yana
(broker)

7622 17th Ave.
Brooklyn, NY

License revoked

Issued premium payment checks that were dishonored by the bank, only one of which was replaced, and. allowed a decertified individual to conduct insurance business for the New York Automobile Insurance Plan. After she herself was decertified by the Plan for various violations of Plans rules, she continued to act as producer of record and submitted 33 applications without premium deposits.

 

LICENSEE ADDRESS PENALTY
Lamey, David M.
(broker)

t/b/a David Michael Insurance Brokerage

236 East 49 St.
Brooklyn, NY

License revoked

Collected premium payments and failed to forward them to the insurer.

 

LICENSEE ADDRESS PENALTY
Lourie, Anna
(agent and broker)

2665 Homecrest Ave.
Brooklyn, NY

License revoked

Decertified from the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Martinez, Leyla
(broker)

2230 University Ave.
Bronx, NY

License revoked

Issued premium checks that were dishonored by the bank, but subsequently replaced. Martinez also failed to provide documents to the Department during an investigation.

 

LICENSEE ADDRESS PENALTY
M. B. Brokerage Corp.
(broker)

Olivera, Samual
(broker and sublicensee)

87-42 Britton Ave.
Elmhurst, NY

Same as above

License revoked
 

License revoked

Submitted applications to the New York Automobile Insurance Plan that listing as the operator individuals who denied knowing the applicant. In addition Driver’s Verification forms were not submitted.

 

LICENSEE ADDRESS PENALTY
Perez, Bolivar
(Broker)

93-15 102nd Ave.
Richmond Hill, NY

License revoked

Issued premium checks that were dishonored by the bank. In addition, Perez was decertified by the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Rivera, Ruth D.
(broker)

t/b/a New York Finance Insurance Broker

759 East 149 Street
Bronx, NY

License revoked

Collected premium payments and failed to forward them to the appropriate insurer. Rivera was decertified by the New York Automobile Insurance Plan for various Plan violations. In addition, she issued premiums checks that were dishonored by the bank, only some of which were replaced.

 

LICENSEE ADDRESS PENALTY
Saundra-Dee Ins. Brokerage,
Inc.
(broker)

Jenkins, Sandra A.
(sublicensee)

285 Fountain Ave.,
Brooklyn, NY

License revoked

  

License revoked

Issued premium checks that were dishonored by the bank and collected a premium and failed to forward it to the insurer in its entirety.

 

LICENSEE ADDRESS PENALTY
St. Facile, Ronald
(broker)

20 Crook Ave.
Brooklyn, NY

License revoked

Collected a premium payment and failed to forward it to the premium finance company or to the insurer. In addition, St. Facile issued premium checks that were dishonored by the bank, only some of which were replaced.

 

LICENSEE ADDRESS PENALTY
Thompson, Garth S.
(broker and sublicensee)

335 Utica Ave.
Brooklyn, NY

License revoked

Issued premium checks that were dishonored by the bank, only some of which were subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Toro, Wilfredo
(broker)

45 Twin Pine Drive
Brooklyn, NY

License revoked

Issued premium checks that were dishonored by the bank, but were subsequently replaced. Toro also commingled premium funds, and was decertified from the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Torres, Juan
(agent and broker)

611 Morris Park Ave.
Bronx, NY

License revoked

Decertified from the New York Automobile Insurance Plan for various violations of Plan rules. While decertified, he still conducted Plan business and collected premiums without forwarding them to the Plan.

 

LICENSEE ADDRESS PENALTY
Vargas, Bernise
(broker)

2260 University Ave.
Bronx, NY

License revoked

Issued premium checks that were dishonored by the bank, only some of which were replaced. Vargas also commingled premiums with other funds and was decertified from the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Wieszner, Frank R.
(agent)

400 West 43rd Street
New York, NY

$2,500 fine

Falsely responded no to questions on various licensing applications that asked whether he had been convicted of a criminal action.

 

LICENSEE ADDRESS PENALTY
Woo, Jog Tae
(broker)

t/b/a Dai Sung Insurance Brokerage

136-78 39th Ave.
Flushing, NY

License revoked

Decertified from the New York Automobile Insurance Plan for various violations of Plan rules.

 

STIPULATIONS

LICENSEE ADDRESS PENALTY
A.J. Dias Services Corp.
(broker)

Dias, Antonio J.
(broker and sublicensee)

95-05 Sutphin Blvd.
Jamaica, NY

Same as above
 

$1,000 fine

Issued insurance premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Arriola, Sonia
(broker)

t/b/a Sonia’s Insurance

1601 Central Ave.
Far Rockaway, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Beausoleil, Reginald E.
(broker)

36 Lott Pl.
Brooklyn, NY

$750 fine

Issued premium checks that were dishonored by the bank but subsequently replaced. In addition, Beausoleil was decertified by the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Public Insurance Adjusters of New York LTD.
(adjuster)

Carino, John A.
(sublicensee)

97 Westcott Blvd.
Staten Island, NY

$500 fine

On his licensing renewal application, Carino incorrectly answered no to questions regarding criminal convictions and fines by a governmental authority.

 

LICENSEE ADDRESS PENALTY
Diskint, Joseph
(agent and broker)

235 W. 56th St.
New York, NY

$1,012 fine

Violated the Insurance Department Regulation 60* when he placed a life insurance with Executive Life Insurance Company of New York.

 

LICENSEE ADDRESS PENALTY
Espinosa, Bolivar
(broker)

320 Wadworth Ave.
New York, NY

$1,500 fine

Violated New York Automobile Insurance Plan rules when he listed an operator that was different then the insured and did not complete a "Driver Verification Form" as required. In addition, Espinosa failed to cooperate with the Department’s investigation when he sent a representative to a scheduled audit who misidentified himself as Espinosa.

 

LICENSEE ADDRESS PENALTY
Jaimie Brokerage, Inc.
(broker)

Helene Fox, Inc
(broker)

Ellen Circle Corp.
(broker)

Fox, Helene
(broker and sublicensee
of all three brokerages
listed above)

Karr, Steven A.
(broker and sublicensee
of Jaimie Brokerage)

1231 Ave. U
Brooklyn, NY

Same As above
  

Same as above
 

Same as above
 
 
 

Same as above
 
 

$5,000 fine

Decertified by the New York Automobile Insurance Plan for various violations of Plan rules (certification has since been reinstated) and submitted a letter to the New York State Department of Motor Vehicles verifying coverage for their client when, in fact, coverage had lapsed.

 

LICENSEE ADDRESS PENALTY
Garcia, Jose R.
(agent and broker)

440 Berry St.
Brooklyn, NY

$500 fine

Submitted application to the New York Automobile Insurance Plan that listed an operator other than the applicant and failed to provide the Department with copy of the required Driver’s Verification Form.

 

LICENSEE ADDRESS PENALTY
Garcia, Julio A.
(broker)

34-68 110 St.
Corona, NY

$1,500 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Garcia, Maritza
(broker)

270 Prospect Park West
Brooklyn, NY

$2,000 fine

Decertified by the New York Automobile Insurance Plan for one year for issuing checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Garcia, Tito
(broker)

92-12 147 Pl.
Jamaica, NY

$1,000 fine

Issued premium checks, which were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Economy Agency Ltd.,
(broker)

North Agency Ltd.,
(broker)

Economy West Corporation
(broker)

Economy East Corporation
(broker)

Goldstone, Robert
(broker and sublicensee)

1808 Ave. P
Brooklyn, NY

1609 East 19 St.
Brooklyn, NY

Same as above
 

Same as above
 

808 Ave. P
Brooklyn, NY

$10,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced. In addition, the person listed as being in charge of the satellite office was never actually employed and an unlicensed individual was allowed to conduct insurance business.

 

LICENSEE ADDRESS PENALTY
Lydig Agency, Inc.
(broker)

Citico Agency, Inc.
(broker)

Greenberg, Larisa
(broker and sublicensee)

731 Pelham Pkwy North
Bronx, NY

2244 65th St.
Brooklyn, NY

Same as above

$1,500 fine

Failed to refund the difference in premium to an insured after a change in policy, failed to properly supervise unlicensed employees, and failed to have a licensed individual in the office.

 

LICENSEE ADDRESS PENALTY
Gutierrez, Bernard
(broker)

3074 Fulton St.
Brooklyn, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced. Gutierrez also commingled premiums with other funds.

 

LICENSEE ADDRESS PENALTY
Hanno, Montaser M.
(broker)

38-11 Ditmars Blvd.
Astoria, NY

License revoked

Hannos’ license by the New Jersey Dept. of Banking and Insurance was revoked for issuing automobile insurance identification cards, but failing to procure the requested coverage, and failing to maintain a premium account. These violations would also constitute grounds for revocation in New York.

 

LICENSEE ADDRESS PENALTY
Hart, Ishwardei
(broker)

121-10 Liberty Ave.
Richmond Hill, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Hartman, Richard
(agent)

t/b/a Richard Hartman Insurance

2922 Lonni Lane
Merrick, NY

License revoked

In 1998, Hartman was convicted of conspiracy to commit wire fraud and filing false tax returns.

 

LICENSEE ADDRESS PENALTY
Herlock, Patricia A.
(agent/broker)

241-16 Coney Rd.
Rosedale, NY

$1,500 fine

Submitted an application to the New York Automobile Plan listing an insured who had not authorized the purchase.

 

LICENSEE

ADDRESS

PENALTY

Jodha Insurance Agency,
Inc.

Jodha, Rameschwar
(agent, broker, sublicensee)

125-06 Liberty Ave.
Richmond Hill, NY

Same as above

$1,000 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
LoPresto, John G.
(broker)

22-02 Steinway St.
Astoria, NY

License revoked

LoPresto was found guilty of professional legal misconduct in connection with misappropriating clients’ funds from real estate transactions.

 

LICENSEE ADDRESS PENALTY
Mendoza – The Finest Agency,
Inc.
(broker)

Mendoza, Mario
(sublicensee)

40-22 Junction Blvd.
Corona, NY
 

Same as above

$2,000 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Mirage Insurance Agency Inc.
(broker)

Solot, Harry
(broker and sublicensee)

1950 Utica Ave.
Brooklyn, NY

Same as above

$4,000 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced. In addition, an unlicensed invididual was permitted to sign a service fee agreement on behalf of the Agency.

 

LICENSEE ADDRESS PENALTY
JJM Brokerage Services, Inc.
(broker)

Mofunanya, John J.
(broker and sublicensee)

2538 Frederick Douglas Blvd.
New York, NY

Same as above

$3,500 fine

Issued premium checks that were dishonored at the bank, but were subsequently replaced. In addition, a client obtained a financial judgment against them based upon their negligent processing of an insurance application.

 

LICENSEE ADDRESS PENALTY
OK Brokerage Service Inc.
(broker)

Wilson Beulah
(broker and sublicensee)

1939 Third Ave.
New York, NY

Same as above

$2,500 fine

Submitted to an insurer false documents and receipts to induce the insurer to reinstate canceled policies.

 

LICENSEE ADDRESS PENALTY
Philantrope, Beatrice
(agent and broker)

703 E. 4th St.
Brooklyn, NY

$2,000 fine

Decertified by the New York Automobile Insurance Plan for various violations of Plan rules.

 

LICENSEE ADDRESS PENALTY
Raj, Stanley K.
(agent and broker)

t/b/a Stanley K. Raj Main Street Insurance Agency

86-02 111 St.
Richmond Hill, NY

$2,000 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced and commingled premiums with other funds.

 

LICENSEE ADDRESS PENALTY
Rubin, Jerold N.
(broker)

1850 Front St.
East Meadow, NY

$2,500 fine

Although he received a finance company check in the entire amount, Rubin deposited it into a personal account and made installment payments.

 

LICENSEE ADDRESS PENALTY
Schwartz & Newman Ltd.
(broker)

Newman, Steven E.
(broker and sublicensee)

630 Third Ave.
New York, NY

1623 Third Ave.
New York, NY

$1,000 fine

Issued premium checks that were dishonored by the bank, but were subsequently replaced. In addition, premiums were commingled with other funds.

 

LICENSEE ADDRESS PENALTY
Smith, Darwin I.
(agent)
170-62 Cedar Craft Road
Jamaica, NY

$500 fine

Issued a premium payment that was dishonored by the bank, but subsequently replaced. In addition, Smith did not maintain a premium account and commingled premium funds.

 

LICENSEE ADDRESS PENALTY
Spencer, Enrique O.
(agent and broker)

t/b/a Spencer Brokerage Co.

t/b/a Spencer Brokerage and Travel Company

37-44 95th St.
Jackson Heights, NY

$1,000 fine

Collected a premium and failed to procure coverage in a timely manner.

 

LICENSEE ADDRESS PENALTY
Teitelbaum, Steven L.
(broker)

1 Beekman St.
New York, NY

$1,500 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced. Teitelbaum also commingled premium funds.

 

LICENSEE ADDRESS PENALTY
Yi, Hae Won
(broker)

136-40 39th Ave.
Flushing, NY

$3,500 fine

Filed Authorizations for Change of Producer which were neither signed nor requested by the insureds. In addition, Yi collected premium checks but failed to forward the full amount to the insurer, and issued premium checks that were dishonored by the bank, but subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Zelaya, Alex A.
(broker)

148-45 89th Ave
Jamaica, NY

$500 fine

Issued premium checks that were dishonored by the bank, but subsequently replaced.

 

OUT OF STATE

HEARINGS

LICENSEE ADDRESS PENALTY
Stahl, Diane M.
(agent)

1490 Albatross
Sanibel, FL

License revoked

Collected premiums but failed to forward them to the appropriate insurers. In addition, Stahl issued a bid bond without authority to do so.

 

LICENSEE ADDRESS PENALTY
Wakely, Robert M.
(agent)

5100 Town Center Circle
Boca Raton, FL

License revoked

Failed to respond to Department requests for additional information after responding on his agent’s license that he had been declared bankrupt.

 

STIPULATIONS

LICENSEE ADDRESS PENALTY
Prendergast Jr., John J.
(agent)

1 WePa Ave.
Baltimore, MD

$880 fine

Violated Department Regulation 60* when he placed a life insurance policy with the MONY Group.

 

* Regulation 60 requires agents to provide prospective life insurance purchasers with pertinent facts when the purchase will cause the buyer to surrender, lapse, or in any way change the status of an existing life insurance policy. The agent must obtain a signed statement from the insured if the purchase will replace an existing policy. The agent must provide the purchaser with a disclosure statement and a notice regarding replacement of life insurance.