Baton Rouge agent arrested and issued C&D, Commissioner of Insurance
Jim Donelon announces
Released: February 16, 2006
Baton Rouge - A Baton Rouge insurance agent has been arrested and issued a cease
and desist order for alleged felony theft and misappropriation of insurance premiums.
Walter Glenn McMillan Jr., age 45, was ordered to cease and desist from engaging
in the business of insurance and his insurance licenses were suspended today by
members of the Department of Insurance Fraud Unit. The c&d and summary suspension
were served in conjunction with an arrest by Agent Willie Spears of the Fraud Unit
of the Attorney General's Office. McMillan was booked into the East Baton Rouge
Parish Jail and charged with Theft by Fraud.
A joint investigation by the Department of Insurance and the Attorney General's
office revealed that McMillan received more than $45,000 from two insurance clients
and failed to properly remit the funds to the appropriate insurance companies for
the coverage allegedly issued to the two clients. The two transactions took place
in April and May of 2005.
Department of Insurance records show that Walter Glenn McMillan Jr. had held a license
to sell Life and Health insurance since June 2003 and a license to sell Property
and Casualty insurance since April 2005. He is also listed as the 100% owner of
Glenn McMillan and Associates, LTD, with an agency license to sell life & health
and property & casualty insurance since July 2005. All licenses were suspended
with today's action. His personal and agency addresses are listed as 4705 Shadeland
Drive and 17461 Jefferson Highway, both in Baton Rouge. Insurance Department records
also show that he is a director of Captive Risk Solution, 12011 Bricksome Ave.,
Suite C., Baton Rouge.
Commissioner Donelon urges consumers who feel uneasy about any insurance-related
transactions to call the Department of Insurance Fraud Unit at 225-342-4956 or 1-800-259-5300.
If callers dont want their names used, they can request that their involvement
be kept confidential.