Lafayette Agent Arrested and Issued Cease and Desist Order, License
Revocation and Fine Notice
Released: March 31, 2010
Lafayette agent was arrested by the Louisiana State Police Insurance
Fraud and Auto Theft Unit and served
of Insurance Fraud
Section Investigators today with a cease and desist order, license
revocation and fine notice for alleged misappropriation, misrepresentation
Joseph Stephen Buck, 26, was arrested by State Police today on
26 counts of Prohibited Acts, 21 counts of Forgery and 1 count
Theft. He was also served this morning by the Department of Insurance
Fraud Section Investigators with a cease and desist order, license
revocation and $10,000 fine notice.
As a producer writing employer group policies including short-term
disability, cancer, accident, hospital indemnity and specified
disease, Buck allegedly failed to remit premiums to the insurance
which resulted in his clients receiving cancellation notices
for non-payment of premium. He is also alleged to have written
policies on individuals who were not employees of the group from
which he received commissions.
Department records show that Buck was issued a Life, Health and
Accident license in March 2007 which was valid until being
today. His license will be revoked in 30 days unless he requests
a hearing with the Department of Insurance.
Buck has 30 days from the time of notice to file a written demand
for an administrative hearing to contest the regulatory
action taken against him by the Department of Insurance.
Commissioner Donelon urges consumers who feel uneasy
about any insurance related transaction to call the
Department of Insurance
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.