Released: May 5, 2009

A Houma area agent has been served with a cease and desist order, notice of license revocation and fine today for alleged misappropriation of premiums.

Al Patrick Boudreaux, Jr., 27, was served by Department of Insurance Fraud Section Investigators today with a cease and desist order, notice of license revocation and a $5,000 fine notice. Boudreaux is alleged to have collected from insureds $11,336 in life insurance premiums, which he failed to remit to the company. Part of this amount has been repaid to the company, leaving Boudreaux currently owing $10,318.

Department records show that Boudreaux held an Industrial Fire license from March 2003 through April 2009. He was also issued a Home Service license in April 2003, which was valid 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.

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