Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that former life insurance agent Russell Lowery, of Olmsted Falls, was sentenced in Cuyahoga County Common Plea Court to two years of probation for theft and insurance fraud and ordered to pay $7,714.31 in restitution to the insurance company.
His license has been revoked by the insurance department.
A department investigation determined that Lowery filed 69 bogus life policy applications in 2009 and received advanced commissions from the insurance company in which the policies were written.
Source: Ohio Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Florida Needs More 鈥� Much More 鈥� Wind Mitigation, Say Experts at OIR Summit 
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
