C&D ORDER ISSUED IN LOUISIANA:

The Louisiana Department of Insurance shut down a Jena, La. insurance producer and issued a Cease and Desist order, along with a summary suspension of her insurance license, for allegedly misappropriating premium dollars paid by unsuspecting insurance customers, according to Louisiana Insurance Commissioner Robert Wooley. Department of Insurance Fraud Unit investigators were accompanied by State Police Fraud Unit Investigators when they served Lisa Renee Reeves, 37, at her place of business, the Excellent Insurance Agency, 3061 West Oak Street, Suite A, Jena. The C&D order states that Reeves misappropriated insurance premiums and issued bogus insurance identification cards in a number of instances, with some cases involving several thousand dollars. It further states that she is prohibited from engaging in any activity relating to the business of insurance, effective immediately. In addition, she is subject to fines and other penalties for the activities outlined in the order. LDI records show that Lisa Renee Reeves was issued a property and casualty insurance license in January of 1988 and that the license remained in force until the current action. Consumers who bought policies or conducted other insurance business, such as paying premiums, with Lisa Renee Reeves at Excellent Insurance Agency, 3061 West Oak Street, Suite A, PO Box 915, Jena, should call the insurance company to verify that they have the coverage they paid for. If they have trouble reaching the insurance company, they can call the Louisiana Department of Insurance at (225) 342-4956, or toll-free statewide, (800) 259-5300, for assistance.

Topics Louisiana