Can’t Get Enough to Pay the Rent

The Department of Consumer and Business Services (DCBS) revoked the insurance agent license of J. Henry Edgmond of Portland, Ore., for misappropriating funds belonging to Stewart & Tunno Insurance Agency Inc.

An investigation by the DCBS Insurance Division found that the agent used a $500 check, drawn on the premium trust account of Stewart & Tunno Insurance Agency, to pay the rent on his apartment. Edgmond repaid the money after the agency discovered he had misappropriated the funds.