Arrested, Issued Cease and Desist Order, License Revocation and
Released: July 11, 2008
A Shreveport insurance producer has been arrested,
issued a cease and desist order, license revocation and fine notice
today for alleged unfair trade practices.
Jacqueline Lee Bell, 41, was arrested by State Police and served
by Department of Insurance Fraud Section Investigators today at the
Bossier City Correctional Facility with an order to cease and desist
from conducting the business of insurance in Louisiana, revocation
of her license and a $5,000 fine notice for 13 counts of unfair trade
agency, Speedy Bail Bonds, was also served an order to cease and
desist all insurance business in Louisiana, revocation
of license and a $5,000 fine.
It is alleged that Bell contracted with a bail bond agency to write
bail bonds through it. As part of this contract, Bell was obligated
to remit one-half of the premiums collected to the agency for any
bonds written during this contract. Bell accepted premiums on bail
bonds, but allegedly did not remit the premiums.
records show that Bell was issued a bail bond license in October
2004, until today’s action.
Commissioner Donelon urges consumers who feel uneasy about any insurance
related transaction to call the Department of Insurance Fraud Section
at 225-342-4956 or 1-800-259-5300. If callers do not want their names
used, they can request that their involvement be kept confidential.