Houma insurance agent arrested and
issued C&D, Commissioner
Released: April 26, 2007
A Houma insurance agent has been arrested and issued a cease and desist order and
summary suspension of his licenses today for alleged forgery of insurance license
applications and life insurance policies for monetary gain.
Troy Darnell Augustine, 39, was served by Department of Insurance Fraud Section
Investigators with an order to cease and desist from engaging in the business of
insurance, a license revocation and a $25,000 fine notice at the Terrebonne Parish
Criminal Justice Complex in Houma. He was also arrested by the State Police Insurance
Fraud Unit and booked on charges of felony theft, insurance fraud and filing false
Todays action results after Department of Insurance Fraud Section Investigators
discovered that Augustine had been issued a C&D in September 2000 for misrepresentation,
misappropriation of premiums and failure to respond to Department of Insurance directives.
It is then alleged that Augustine attained a new license in June 2006 by altering
his name, social security number and date of birth. After fraudulently gaining a
new license, Augustine is alleged to have forged life insurance policies using false
information for clients he had never met, and then forged client signatures on these
policies in order to receive advance commissions on the policies totaling over $9,800.
Department records show that Augustine held a valid property & casualty license
from October 1992 until May 1995, and a valid industrial life, health & accident
license from May 1992 until he was issued a C&D in September 2000. He held an
illegally obtained license under the name Troy Danell Augustine from June 2006 until
Commissioner Donelon urges consumers who have any questions regarding policies Augustine
sold or serviced to call the Department of Insurance Fraud Section 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.