Released: October 24, 2006

Lafayette - An agent who sold insurance in Lafayette and New Iberia has been issued a cease and desist order and a summary suspension of his health and accident license for allegedly misappropriating insurance premiums.

David Sampy (aka Dave Sampey), age 43, was served by Department of Insurance Fraud Section Investigators with an order to cease and desist from engaging in the business of insurance and a summary suspension of his insurance license. Sampy is alleged to have submitted health insurance enrollment applications without the knowledge or permission of the applicants or employees, and to have accepted health insurance premiums which he allegedly pocketed for his personal use. He has also allegedly provided false, misleading and fraudulent information on insurance licensure forms. That is, he did not disclose prior multiple arrests and felony convictions on his licensing application forms, which is required by law.

Department of Insurance records show that Sampy held a license to sell health and accident insurance from 1992 until today's action. Department records also indicate that he has at times had insurance offices in Lafayette and in New Iberia.

Commissioner Donelon urges consumers who have concerns about insurance-related transactions with David Sampy or any agent or company to call the

Department of Insurance Fraud Unit at 225-342-4956 or toll-free at 1-800-259-5300. If callers don’t want their names used, they can request that their involvement be kept confidential.

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