Shreveport Bail Bond Agent Issued a Cease and Desist Order, Summary
Suspension and Fine Notice
A Shreveport bail bond agent and his agency have been issued a cease
and desist order, summary suspension and fine notice today for alleged
misappropriation of premiums. An unlicensed individual was also issued
a cease and desist order for conducting the business of insurance
without a license.
Sr., 42, and his agency, El Shaddai Bail Bonds, were served today
cease and desist order, summary suspension and
a $5,500 fine notice by Department of Insurance Fraud Section Investigators
for alleged misappropriation of premiums. It is alleged that Webb
submitted several checks to the company with which he was contracted
that were returned for non-sufficient funds, as well as failed to
remit premiums on at least 11 bonds. El Shaddai Bail Bonds had been
previously issued cease and desist orders on August 28. Today’s
action on the agency was a reinforcement of the previous orders.
Anthony C. Webb,
Jr. is alleged to have acted as a licensed bail bond agent although
has never been licensed by the Department
of Insurance. It is also alleged he solicited business as a licensed
agent under the name “Baby Boy Bail Bonds” by posting
advertisements listing himself as the owner/agent.
show that Anthony Webb, Sr. held a Bail Bond license from July
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.