Shreveport agent arrested and issued C&D, Commissioner of
Insurance Jim Donelon announces
Released: May 14, 2006
Shreveport - A Shreveport insurance agent has been arrested and issued a cease and
desist order and summary suspension of his license for alleged felony theft and
misappropriation of insurance premiums, Commissioner of Insurance Jim Donelon announced
James Dock Stephens, Jr., 49, was ordered to cease and desist from engaging in the
business of insurance, and his insurance license was suspended today by members
of the Louisiana Department of Insurance Fraud Unit. The c&d and summary suspension
were served in conjunction with an arrest by members of the Louisiana State Police
Fraud Unit who booked Stephens into the Caddo Parish Correctional Center in Shreveport.
Todays action comes after an investigation by Stephens employer found
that his account was deficient in funds totaling over $3,500, which led to his termination
in April 2004.
Department of Insurance records show that Stephens held a Life and Health license
from February 2004 until todays action. Records list his residence address
as 3601 Frederick St., Shreveport, and his mailing address as P.O. Box 3441, Shreveport.
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.