The Oklahoma Insurance Department has revoked the license of an insurance producer after the individual pleaded to a crime related to the breach of fiduciary trust.
The department issued the emergency revocation of the license of Tiffany Lynn Lewis on June 16. Lewis was formerly a Texas lawyer and municipal judge in Dallas, Texas. She misapplied monies from a probate case in 2003 and was disbarred in 2005. Even after her disbarment, she remained a municipal judge until 2007 because the city charter lacked a mechanism to remove a judge.
Lewis pleaded guilty to misapplication of nearly $60,000 of fiduciary property in September 2009. She received 60 days in jail and 10 years probation.
She failed to disclose the disbarment or that she was charged with a felony crime when she applied for an insurance agent’s license in Oklahoma and other states in 2008. She did not disclose that she was convicted of a crime of dishonesty or breach of fiduciary trust on her 2010 license renewal in Oklahoma.
The department revoked Lewis’ license on that basis, as well as other provisions of the Producer Licensing Act. Lewis has 30 days from the date the order was issued to request an administrative hearing. If Lewis fails to request a hearing, the order becomes final on the thirty-first day following issuance.
Source: Oklahoma Insurance Department
Was this article valuable?
Here are more articles you may enjoy.
Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps 
Supreme Court Overturns Chevron Rule in Blow to Regulators 
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators 
As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis: Survey 
