New York State
Insurance Department


ISSUED: 4/30/2003

FOR IMMEDIATE RELEASE

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

The New York State Insurance Department has taken disciplinary action against the following licensees. Those categorized as stipulations have been agreed to by the licensee. Department actions that result from Department hearings are subject to judicial review and possible stay of enforcement.

INSURANCE COMPANIES

LICENSEE ADDRESS PENALTY
American Medical and Life Insurance Company 35 Broadway
Hicksville, NY
$10,000 fine
American Medical and Life Insurance Company violated the Insurance Law by failing to file its revised small group dental rates and schedules with the Department and by using an unapproved individual dental insurance application form.

 

LICENSEE ADDRESS PENALTY
Atlantic Mutual Insurance Company 3 Giralda Farms
Madison, NJ
$5,775 fine
Atlantic Mutual Insurance Company violated the Insurance Law by failing to (1) provide proper notification regarding the availability of loss information; (2) indicate the appropriate classification codes on the appropriate portion of certain Free Trade Zone documents; (3) deliver an anti-arson application to the named insured within 45 to 60 days of the policy’s expiration date; and (4) establish and pursue procedures to minimize the occurrence of improperly charged rates.

 

LICENSEE ADDRESS PENALTY
Atlantis Health Plan, Inc. 39 Broadway, Suite 1240
New York, NY
$500 fine
Atlantis Health Plan, Inc. failed to submit its monthly Healthy NY enrollment report to the Department on or before March 15, 2002.

 

LICENSEE ADDRESS PENALTY
AUSA Life Insurance Company, Inc. 4 Manhatanville Road
Purchase, NY
$25,000 fine
AUSA Life failed to notify the Superintendent at least 30 days in advance of its intention to (1) purchase bonds and common stock from an affiliate in excess of one-half of one percent of admitted assets and (2) enter into a principal underwriting agreement with an affiliate. In addition, AUSA failed to obtain Department approval for using a segmentation method of allocating net investment income to Annual Statement lines. The Company also used advertisements that obscured the true identity of the issuer and failed to get Board approval for various derivative transactions. Lastly, the Company entered into several hedging transactions prior to establishing written criteria approved by the Board of Directors and submitting such criteria to the Superintendent.

 

LICENSEE ADDRESS PENALTY
Combined Life Insurance Company of New York 11 British American Blvd.
Latham, NY
$15,000 fine
Combined Life violated the Insurance Law by failing to file its agent compensation plans in use prior to January 1998 and by failing to file its revised override schedules with the Department. The Company also failed to provide prospective policyholders disclosure notices required by Regulation No. 74.

 

LICENSEE ADDRESS PENALTY
First Central National Life Insurance Company of New York 225 West 34th Street, Suite 2017
New York, NY
$45,000 fine
First Central violated the Insurance Law by receiving services from its parent without giving prior notification to the Superintendent; by calling attention to unlicensed insurers in its correspondence with New York policyholders and beneficiaries; by failing to pay interest on ordinary death claims in accordance with the law; by failing to maintain its books of account at its principal New York office; and by failing to maintain required policy records as required by Regulation 152.

 

LICENSEE ADDRESS PENALTY
First Great-West Life & Annuity Insurance Company 125 Wolf Road, Suite 110
Albany, NY
$100,000 fine
First Great-West violated the Insurance Law by failing to facilitate the Department examination and by failing to keep and maintain its books of account at its principal New York office. The Company also did not maintain appropriate relationships with its parent and affiliates. For example, it commingled its assets with those of a parent and had benefit checks paid by affiliates. The Company also did not comply with its approved service agreements and provided a service to its parent on a regular and systemic basis without first notifying the Superintendent. In addition, the Company used advertisements which (1) called attention to an unauthorized insurer; (2) were misleading by creating the impression that someone other than the insurer would be responsible for the financial obligations under the policy; (3) did not include the city of the company’s home office; (4) did not include the policy form numbers; and (5) were misleading as to the true identity of the insurer. The Company also failed to maintain a complete advertising file at its home office.

 

LICENSEE ADDRESS PENALTY
Highlands Insurance Company 1000 Lenox Drive
Lawrenceville, NJ
$25,000 fine
Highlands Insurance Company did not contest a Department charge that in connection with notices of nonrenewal issued to members of the Silver Car Purchasing Group, it did not fully comply with Section 3426 of the Insurance Law

 

LICENSEE ADDRESS PENALTY
The Insurance Corporation of New York Canterbury Financial Group, Inc.
One Canterbury Green
Stamford, CT
$13,400 fine
The Insurance Corporation of NY violated the Insurance Law and the Vehicle and Traffic Law by failing to provide automobile liability insurance data to the Department of Motor Vehicles (DMV) in a timely manner.

 

LICENSEE ADDRESS PENALTY
Mountain Valley Indemnity Company 1050 Franklin Avenue
Garden City, NY
$8,500 fine
Mountain Valley violated the Insurance Law and the Vehicle and Traffic Law by failing to provide automobile liability insurance data to the Department of Motor Vehicles (DMV) in a timely manner.

 

LICENSEE ADDRESS PENALTY
Nationwide Mutual Insurance Company One Nationwide Plaza
Columbus, OH
$3,800 fine
Nationwide Mutual violated the Insurance Law that requires all overdue no-fault benefits to include an interest payment based on a 2% interest rate compounded and calculated on a 30 day pro-rata basis. The Company also violated Regulation No. 64 provisions that require deductions for previous damage or prior condition to be measurable, discernible, itemized and specified as to dollar amount and to be detailed in the claim file. Lastly, the Company failed to make good faith offers of settlement within prescribed time frames.

 

LICENSEE ADDRESS PENALTY
Seneca Insurance Company, Inc. 70 Pine Street, 44th Floor
New York, NY
$9,550 fine
Seneca Insurance Company violated the Insurance Law by issuing policies that had not been appropriately filed and/or approved by the Superintendent; by failing to maintain the basis for the premium charged in its file on Free Trade Zone risks; by failing to report fire losses in excess of $1,000 to the Property Insurance Loss Register within five business days of notice of loss; by failing to rescind coverage when insureds fail to return the completed, signed and affirmed anti-arson applications within 45 days of the effective date of coverage (or 15 days prior to the expiration date for renewals); by failing to establish adequate procedures to minimize occurrences of improperly charged rates; and for failing to furnish specific reasons on non-renewal and conditional renewal notices.

 

LICENSEE ADDRESS PENALTY
Standard Security Life Insurance Company of New York 485 Madison Avenue, 14th Floor
New York, NY
$15,000 fine
Standard Security Life Insurance Company violated the Insurance Law by having unappointed agents represent the company; by using a policy form that was not filed with and approved by the Superintendent; and by not filing premium rate schedules with the Superintendent for its stop-loss policies.

 

LICENSEE ADDRESS PENALTY
Tri-State Consumer Insurance Company 2 Robbins Lane
Jericho, NY
$26,780 fine
Tri-State Consumer violated the Insurance Law by failing to make payments or deny the claims within 30 calendar days of receipt of relevant information and/or proof of claim; by failing to use a 2% interest rate compounded and calculated on a 30 days pro-rata basis on all overdue no-fault benefits; by failing to include calculations for betterment, depreciation and normal useful life in its file; and by failing to make a written offer within 10 business days of completing an investigation. In addition, the insurer failed to include in its written offer the basis for apportioning culpability for claims based on New York’s comparative negligence law.

 

LICENSEE ADDRESS PENALTY
The Reliable Life Insurance Company

United Insurance Company of America

Union National Life Insurance Company

231 W. Lockwood Avenue
St. Louis, MO

One E. Wacker Drive
Chicago, IL

8282 Goodwood Blvd.
PO Box 3638
Baton Rouge, LA

$385.71 fine


$385.69 fine


$385.69 fine

Respondents agreed to comply with a Regulatory Settlement Agreement they entered into with the Illinois Department of Insurance in connection with settlement of issues resulting from claims of racially discriminatory practices by Respondents in the sale of individual life and small face amount life insurance policies. The racially discriminatory practices occurred in numerous states and the District of Columbia, and Respondents issued the policies to various individuals who are currently residents of New York.

 

LICENSEE ADDRESS PENALTY
Unitedhealthcare of Upstate New York 5015 Campuswood Drive, Ste. 303
East Syracuse, NY
$500 fine
Unitedhealthcare violated the Insurance Law by failing to submit its monthly Healthy NY enrollment report to the Department on or before March 15, 2002.

 

 BROKER AND AGENT HEARINGS

Region: Buffalo

LICENSEE ADDRESS PENALTY
Michael R. Ferguson
(Agent)
44 Wellingwood Drive
East Amherst, NY
License revoked
Respondent while licensed as an insurance agent, misrepresented the intended use of investment funds to policyholders.. As a result, Respondent was convicted of engaging in a Scheme to Defraud in the First Degree.

 

Region: Mid Hudson

LICENSEE ADDRESS PENALTY
Michael D. Froehlich
(Independent Adjuster)
4 Eck Road
Wappingers Falls, NY
$1,500 fine
Respondent violated the Insurance Law falsely responding to questions on his renewal adjuster’s application regarding whether there were any pending criminal actions against him since his last filing. All charges were subsequently dismissed in a court of law.

 

Region: Nassau County

LICENSEE ADDRESS PENALTY
Martha Laurenceau
(Broker)
1672 Grove Street
Ridgewood, NY
$1,500 fine
Respondent failed to respond to 2 Department letters, thereby hampering and impeding an investigation.

 

LICENSEE ADDRESS PENALTY
Princess Yiema Multi-Services Agency, Inc.
And
Harold E. John
(Sublicensee)
212-29 Jamaica Avenue

Queens Village, NY

Same as above

$1,400 fine
Respondents violated the Insurance Law and a Department Stipulation by issuing insurance premium checks that were dishonored by the bank upon which drawn, but were subsequently replaced.

 

Region: New York City

LICENSEE ADDRESS PENALTY
Amigo Insurance Agency Corporation
and
William Aristizabal
(Broker)
79-15 Northern Blvd.
Jackson Heights, NY

226 N Wantagh Avenue
Bethpage, NY

$3,000 fine
Respondents violated the Insurance Law through actions and omissions which led to the untimely remittances of premium monies, numerous NYAIP violations, collecting premium monies after becoming decertified by the NYAIP, and collecting service fees without an appropriate signed memorandum.

 

LICENSEE ADDRESS PENALTY
Associated International Brokers, Inc.
and
Elan B. Manham,
(Sublicensee)
and
Gil N. Beckenstein
(Sulicensee)
and

Peter L. Eyl
(Sublicensee)
and
Penem International, Inc.

2 West 46th Street, Room 507
New York, NY

Same as above


Same as above


Same as above


Same as above
$37,453.74
(Excess Line taxes, penalties & interest)

$74,400
(Collective fine)




$30,342.87
(Excessive line taxes, penalties & interest)

Respondents violated the Insurance Law by splitting the placement of 248 jewelers block policies so that the transit portion became ocean marine, exempt from regulation, and the premises portion remained inland marine, subject to filing and premium tax requirements. Please note that Respondents Associated International Brokers, Inc.; Penem International, Inc. Manham, Beckenstein and Eyl were collectively fined $74,400. Respondents Associated International Brokers, Inc. and Penem International, Inc. were ordered to pay excess line taxes, penalties and interest in the amounts of $37,453.74 and $30,342.87, respectfully.

 

LICENSEE ADDRESS PENALTY
Keble E. Brown
(Broker)
1368 Metropolitan Avenue
Bronx, NY
License revoked
Respondent was decertified by the New York Automobile Insurance Plan (NYAIP) for submitting applications to the NYAIP in which the deposit was deficient as defined by NYAIP rules, and for submitting applications to the NYAIP without the required Motor Vehicle Report. Respondent also failed to account for $65.00 in premium paid to him and failed to respond to the Department’s correspondence.

 

LICENSEE ADDRESS PENALTY
DCAP Oceanside, Inc.
and

Howard R. Ingber
(Sublicensee)

535 Burnside Avenue
Inwood, NY

Same as above
Licensed revoked


License revoked
Respondents violated the Insurance Law for issuing binding electronic mail messages and ID cards without submitting applications and for submitting deficient applications as well as for a producer performance standard violation. Respondents also collected insurance premium deposits from their clients without remitting same to the appropriate insurer and issued two fraudulent insurance ID cards to a client who paid a $500 premium for coverage through an insurer that had previously terminated its agency relationship with DCAP. Respondent Howard R. Ingber failed to respond to Department letters.

 

LICENSEE ADDRESS PENALTY
Israel G. Grossman
(Agent)
508 Avenue L
Brooklyn, NY
$5,000 fine
Respondent violated the Insurance Law by failing to reveal a past conviction on his application for licensure as an agent by the Department and on applications for appointment as an agent by insurers.

 

LICENSEE ADDRESS PENALTY
Holroyd R. Johnson
(Broker)
T/b/a
American Insurance Brokerage
1484 Flatbush Avenue, 2nd Fl.
Brooklyn, NY

Same as above
$550 fine
Respondent violated the Insurance Law by issuing a dishonored premium check and commingling funds that should have been in separate premium and operating checking accounts.

 

LICENSEE ADDRESS PENALTY
Suzan D. Laurenceau
(Agent and Broker)
2207 Hoffman Drive
PO Box 1000
Elmont, NY
$2,200 fine
Respondent violated the Insurance Law by commingling personal money with premium monies from insureds within the same account. Furthermore, she had previously stipulated with the Department that she would no longer commingle premium monies and would take all necessary steps to prevent the recurrence of this violation. Respondent also wrongfully conducted insurance activities under an unlicensed name.

 

LICENSEE ADDRESS PENALTY
Chris A. Moye
(Broker)
129th Street
Richmond Hill, NY
License revoked
Respondent acted in a contumacious manner in ignoring and refusing to receive Department correspondence, thus hampering and impeding the Department’s investigation.

 

LICENSEE ADDRESS PENALTY
Rickman Michael I. Ltd
and

Michael I. Rickman
(Sublicensee)

One Avenue T
Brooklyn, NY

Same as above

License revoked


Authority as a Sublicensee revoked

Corporate Respondent violated the Insurance Law by failing to account for premiums collected from three insureds and by issuing a check that was dishonored by the bank and not replaced. Individual Respondent failed to respond to Department correspondence, thereby hampering and impeding the Department’s investigation. Individual Respondent Michael Rickman’s insurance license had expired prior to the institution of the disciplinary proceedings.

 

LICENSEE ADDRESS PENALTY
Abraham Stern
(Public Adjuster)
817-50 Street
Brooklyn, NY
$3,500 fine
Respondent violated the Insurance Law by failing to remit the proceeds on an insurer’s check to an insured. Respondent has since fully paid the insured. Respondent also refused to reveal to the Department the identity of the individual who allegedly forged the endorsements of the insured and Respondent and negotiated the check.

 

Region: Westchester County

LICENSEE ADDRESS PENALTY
Cesar D. Ariz
(Broker)
241 Jessamine Avenue
Yonkers, NY
License revoked
Respondent violated the Insurance Law by issuing checks which were dishonored by the bank and have not been replaced. In addition, Respondent did not notify the Department of the use of a trade name. Respondent also failed to respond to 2 Department letters, thereby hampering and impeding the Department’s investigation.

 

Agents and Brokers Stipulations

Region: Buffalo

LICENSEE ADDRESS PENALTY
Stephen N. Malloy
(Agent)
c/o M&T Bank
54 Main Street
Oakfield, NY
$500 fine
Respondent violated the Insurance Law by failing to disclose that he had been adjudged a bankrupt in his original license application.
LICENSEE ADDRESS PENALTY
Jeffrey A. Moore
(Agent)
49 Wright Avenue
Buffalo, NY
$500 fine
Respondent violated the Insurance Law in that he was employed by an insurance agency as a consumer service representative after his insurance agents license was revoked by the Department.

 

Region: Nassau County

LICENSEE ADDRESS PENALTY
Mauricio Cruz
(Broker)
T/b/a
Cruz Brokerage
4 Summit Street
Hicksville, NY

Same as above
$500 fine
Respondent violated the Insurance Law by issuing an insurance premium transmittal check that was dishonored by the bank upon which drawn, but was subsequently replaced. In addition, the Respondent commingled premium account funds by paying personal and operational expenses from his insurance premium account.

 

LICENSEE ADDRESS PENALTY
Harry J. Curran
(Independent Adjuster)
c/o Penn Toyota
2400 Northern Blvd.
Greenvale, NY
$500 fine
Respondent violated the Insurance Law by making a material misstatement on his application for an independent adjuster’s license by failing to disclose a criminal conviction.

Region: New York City

LICENSEE ADDRESS PENALTY
Yvon Alexis
(Broker)
1088 Nostrand Avenue
Brooklyn, NY
$750 fine
Respondent violated the Insurance Law by issuing an insurance premium transmittal check that was dishonored by the bank upon which drawn, but was subsequently replaced. In addition, the Respondent commingled his premium account and conducted an insurance business under a name not known or licensed by the Department.

 

LICENSEE ADDRESS PENALTY
Janet A. Boswell
(Agent)
c/o W.J. Rosenthal
530 East 72nd Street
New York, NY
$750 fine
Respondent made a written representation that a term life insurance policy to be sold to an insured was not a replacement of a whole life policy, when in fact it was. Respondent’s representations were untrue and misleading in that she persuaded the insured to take out a loan on his whole life policy for purposes of purchasing the replacing term life insurance.

 

LICENSEE ADDRESS PENALTY
Marina A. Che
(Agent)
210 West 70th Street
New York, NY
$500 fine
Respondent violated the Insurance Law by issuing an insurance premium transmittal check that was dishonored by the bank upon which drawn, but was subsequently replaced. In addition, she commingled premium funds by paying personal and operational expenses from her insurance premium account.

 

LICENSEE ADDRESS PENALTY
Ana G. Cornier
(Agent)
c/o Citbank
4949 Broadway
New York, NY
$500 fine
Respondent violated Insurance Law by failing to disclose her prior bankruptcy on 4 insurance agent applications.

 

LICENSEE ADDRESS PENALTY
Cycle Plus Insurance Brokerage, Inc.
and

Michael V. Gargano
(Sublicensee)

657 Utica Avenue
Brooklyn, NY

Same as above
$2,000 fine
Respondents violated the Insurance Law by leading an insured to believe she was insured by Amwest Surety Insurance Company when in fact she was insured by a different insurer through the New York Automobile Insurance Plan . Respondents submitted an insurance application to the Plan, financed payment of the insured’s policy through a finance company and charged the insured a $35 broker’s fee and a $28 off-premise meeting fee, all without the insured’s knowledge or consent. In addition, Respondents commingled the insured’s premium funds with another business account.

 

LICENSEE ADDRESS PENALTY
Olga E. Maluf
(Agent and Broker)
t/b/a
Maluf Brokerage

65th Avenue
Forest Hills, NY

Same as above

$1,000 fine
Respondent violated the Insurance Law in that her certification to write insurance for the New York Automobile Insurance Plan revoked for a period of one year for violating the Plan’s rules. In addition, Respondent issued insurance transmittal checks that were dishonored by the bank upon which drawn, but were subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Irene Papis
(Broker)
a/k/a
Erine Papis
43rd Street
Astoria, NY
License revoked
Respondent violated the Insurance Law by making inaccurate statements in support of a fire claim she submitted to the New York Property Insurance Underwriting Association.

 

LICENSEE ADDRESS PENALTY
Franklin Polanco
(Broker)
517 West 184th Street
New York, NY
$1,000 fine
Respondent violated the Insurance Law by issuing insurance premium transmittal checks that were dishonored by the bank upon which drawn, but were subsequently replaced. In addition, he commingled his premium account by paying personal and business expenses with premium money.

 

LICENSEE ADDRESS PENALTY
David Rivas
(Broker)
t/b/a
Rivas Brokerage Corporation
And
Rivas Brokerage Corporation
(Broker)
110 Audubon Avenue
New York, NY

203 Dyckman Street
New York, NY
$2,500 fine
Respondents violated the Insurance Law by giving factually inconsistent and conflicting answers to the Department concerning why they were decertified by the New York Automobile Insurance Plan for six months.

 

LICENSEE ADDRESS PENALTY
Anthony Rodriquez
(Broker)
1222 White Plans Road
Bronx, NY
$500 fine
Respondent had his certification to write insurance for the New York Automobile Insurance Plan revoked for one year due to violating Plan rules. All violations have been resolved and the Respondent’s certification has been restored.

 

LICENSEE ADDRESS PENALTY
Twin Tower Brokerage, Inc.
and

Larry Sperber
(Sublicensee)
1546 Coney Island Avenue
Brooklyn, NY

Same as above
$1,000 fine
Respondents violated the Insurance Law in that their certification to write insurance business for the New York Automobile Insurance Plan was revoked for violating Plan rules. Their certification to write for the Plan has since been restored.

 

Region: Rochester County

LICENSEE ADDRESS PENALTY
W.W. Coe & Son, Inc.
and

Robert N. Coe
(Sublicensee)
44 Bristol Street
Canandaigua, NY

Same as above
$500 fine
Respondents violated the Insurance Law by accepting payments of gift certificates from a motor vehicle repairer for referring motor vehicle repair business.

 

LICENSEE ADDRESS PENALTY
Ann M. Howell
(Agent & Broker)
162 S. Union Street
Spencerport, NY
$500 fine
Respondent violated the Insurance Law by accepting payments of gift certificates and movie passes from a motor vehicle repairer for referring motor vehicle repair business.

 

LICENSEE ADDRESS PENALTY
Mark A. Ventrillo
(Adjuster)
6541 Furnance Road
Ontario, NY
$500 fine
Respondent violated the Insurance Law by failing to disclose a criminal conviction on his adjuster license application.


Region: Schenectady

LICENSEE ADDRESS PENALTY
Yvonne L. Richard
(Insurance Adjuster)
7 Goffredo Drive
Schenectady, NY
$500 fine
Respondent violated the Insurance Law by failing to disclose a criminal conviction on her license application.


Region: Suffolk County

LICENSEE ADDRESS PENALTY
Barry Maltese
(Agent)
3 Willets Place
South Huntington, NY
$750 fine
Respondent violated the Insurance Law by issuing an insurance premium transmittal check that was dishonored by the bank upon which drawn, but was subsequently replaced. He also conducted an insurance business under a name not known or licensed by the Department.

 

LICENSEE ADDRESS PENALTY
Thomas James Agency, Inc.
and

Theresa Rienzo
(Sublicensee)
1699 D Route 112
Medford, NY

44 Selden Blvd.
Centereach, NY
$500 fine
Respondents violated the Insurance Law by issuing insurance premium transmittal checks that were dishonored by the bank upon which drawn, but were subsequently replaced.

 

LICENSEE ADDRESS PENALTY
Richard S. Russo
(Independent Adjuster)
c/o Elrich Auto Body, Inc.
718 Hubbard Avenue
PO Box 533
Aquebogue, NY
$500 fine
Respondent violated the Insurance Law by failing to disclose a criminal conviction on his application for an independent adjuster license.

 

Region: Syracuse

LICENSEE ADDRESS PENALTY
Clifden Insurance Agency, Inc
and

Michael J. Davis
(Sublicensee)

500 Erie Blvd. West
Syracuse, NY

3216 Greenmeadow
Baldwinsville, NY
$1,250 fine
Respondents violated the Insurance Law by writing checks out of the premium account that were returned for insufficient funds.

 

LICENSEE ADDRESS PENALTY
Mathew B. Headd
(Adjuster)
c/o Blue Ridge Insurance
200 Elwood Davis Road
Liverpool, NY
$1,000 fine
Respondent violated the Insurance Law by including with his original independent adjuster application a false character reference purportedly signed by a person the Respondent did not know and who did not consent to sign the character affidavit.

 

LICENSEE ADDRESS PENALTY
Lee A. Staelens
(Agent)
7790 Dixon Road
North Bay, NY
$750 fine
Respondent violated the Insurance Law when, in connection with the sale of an American Progressive Life Insurance policy, he made a written representation that the American Progressive life insurance policy was not a replacement of an existing life insurance policy, when it fact it was such a replacement.


Region: Watertown

LICENSEE ADDRESS PENALTY
Luz A. Cabral
(Broker)
120 Washington Street
Watertown, NY
$1,000 fine
Respondent violated the Insurance Law by issuing insurance premium transmittal checks that were dishonored by the bank upon which they were drawn. The checks were subsequently replaced.

 

Region: Westchester

LICENSEE ADDRESS PENALTY
Perry S. Gusikoff
(Insurance Adjuster)
60 Dring Lane
Putnam Valley, NY
$500 fine
Respondent violated the Insurance Law by failing to disclose a criminal conviction on his original adjuster license application.

 

Region: Out of State

LICENSEE ADDRESS PENALTY
James J. Kery
(Agent)
15 Independence Place
Atlanta, GA
$500 fine
Respondent violated the Insurance Law by failing to disclose that he had been fined by the State of Georgia on his renewal license application.

 

LICENSEE ADDRESS PENALTY
Kevin T. Kite
(Agent)
c/o American Modern Insurance Group, Inc.
1231 E Beltline NE, Suite 120
Grand Rapids, MI
$500 fine
Respondent violated the Insurance Law by failing to disclose a criminal conviction on his original agent’s license application.

 

LICENSEE ADDRESS PENALTY
John D. Mackey
(Broker)
c/o DFM Insurance Inc.
PO Box 433, 182 Sound Beach Avenue
Old Greenwich, CT
$1,000 fine
Respondent violated the Insurance Law in that he collected a premium and issued a Certificate of Insurance to his client, but failed to procure the requested policy. As a result, he unintentionally aided and abetted the client to falsely represent itself as insured.

 

LICENSEE ADDRESS PENALTY
Carol G. Richie
(Agent)
9207 Autumn Storm
San Antonio, TX
$500 fine
Respondent violated the Insurance Law by failing to disclose that she had been adjudged a bankrupt on her original life and health application.

 

LICENSEE ADDRESS PENALTY
Melvin Rokeach
(Agent)
42 Pine Terrace
DeMarest, NJ
$500 fine
Respondent violated the Insurance Law by failing to disclose a criminal conviction on his agent’s license application.

 

LICENSEE ADDRESS PENALTY
Michael A. Sileo
(Agent)
266 A Beech Ridge Road
Scarbroough, ME
$500 fine
Respondent violated the Insurance Law by failing to disclose on his license application that his Maine insurance license had been suspended.

 

LATE FILINGS

The following health maintenance organizations (HMOs) have been fined for late submissions of their annual statements:

LICENSEE ADDRESS PENALTY
Managed Health, Inc. 25 Broadway, 9th floor
New York, NY
$11,000 fine

 

LICENSEE ADDRESS PENALTY
MVP Health Plan, Inc. 625 State Street
Schenectady, NY
$2,000 fine

 


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