Louisiana Agent’s License Suspended for Misappropriation, False Insurance Certificates
A Lake Charles, Louisiana, insurance producer has been issued a cease and desist order and had her license suspended amid an investigation into misappropriation of insurance premiums and the issuing of false insurance certificates to customers.
The Louisiana Department of Insurance (LDI) issued a Cease and Desist Order and Summary Suspension of Producers License to Valerie M. Muse, who the department said confessed to her employer that she had misappropriated insurance premium and issued falsified certificates of insurance to customers.
According to the C&D order, Muse works as a producer at Insurance Unlimited of La LLC. It alleges that she told her employer on Sept. 1 that she had been taking clients’ premium and issuing fake certificates of insurance for the previous year. Muse was arrested by Calcasieu Sheriff’s office on Sept. 8.
Muse has 30 days from the time of service to request an administrative appeal or the above actions will become final.
Source: Louisiana Department of Insurance
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