Baton Rouge Agent Served with Summary Suspension, Cease and Desist Order, Fine Notice and Notice of Proposed Revocation

A Baton Rouge agent was served by Department of Insurance Fraud Section Investigators with a summary suspension, cease and desist order, fine notice and notice of proposed revocation on March 16 for alleged misappropriation of insurance premiums.

Gary Ray Rose, 55, was served by the Department of Insurance Fraud Section Investigators with a summary suspension of his license, a cease and desist order, an $8,500 fine notice and notice of proposed license revocation for alleged misappropriation of insurance premiums.

It is alleged that Rose failed to remit over $10,000 in premiums to insurance companies which he converted to his own use.

Department records show that Rose was issued a Property & Casualty license in June 1993. He has 30 days from time of service to request an administrative appeal or the above actions will become final.

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.

-30-