Wednesday, July 8, 2009

Montana Insurance Commissioner Warns Insurance Agents and Brokers About Scam Artists Posing as State Employees

Per news dated July 7, 2009 on the official state website for Montana, Montana Commissioner of Securities and Insurance, Monical Lindeen warns insurance agents and brokers about a scam. Other states that are actively investigating the scam include: Colorado, Nevada, Oklahoma, and California.

In part, the news states: "Lindeen’s office has received reports from multiple other states that individuals have been calling licensed insurance agencies and representing themselves as employees of the state Commissioners of Insurance. These individuals, pretending to be agency employees, have requested payment for a penalty fee. The same individuals also requested that the insurance agencies provide credit card and social security information over the telephone to make the penalty payment and to avoid cancellation of their license."

Click here to read the entire article.