Pensacola Agent’s License Revoked for Multiple Violations

Darrell E. Stidham, a Pensacola, Fla. agent has had his license revoked due to multiple violations, including scamming a blind client according to an announcement by Tom Gallagher, Florida’s CFO.

Stidham, 54, has surrendered his licenses to sell life and health insurance policies and variable annuities.

The actions which led to Stidham’s license suspension include telling a blind client she was purchasing a Knights of Columbus life insurance policy, which was actually with another insurance company. Stidham also did not include vital information on insurance applications which had been disclosed by the policyholders.

Stidham had appealed the seven count complaint and suspension to the Division of Administrative Hearings in August 2005. However, the court recommended that his license be revoked.