Released: April 11, 2007

A Baton Rouge insurance agent has been arrested and issued a cease and desist order and summary suspension of his licenses today for alleged forgery and misrepresentation of insurance policies.

Billy Ray Aguillard, 27, was arrested by the State Police Insurance Fraud Unit today and served by Department of Insurance Fraud Section Investigators with an order to cease and desist from engaging in the business of insurance.

Today's action results after Department of Insurance Fraud Section Investigators received complaints that Aguillard had misrepresented life insurance policies, altered insurance documents and forged client signatures for his own monetary benefit.

Department records show that Aguillard held a life & annuity license from February 2003 until today’s action.

Commissioner Donelon urges consumers who have any questions regarding policies Aguillard sold or serviced to call the Department of Insurance Fraud Section at 225-342-4956 or 1-800-259-5300. If callers don’t want their names used, they can request that their involvement be kept confidential.