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A Tennessee man was released on bond after he was indicted for allegedly collecting premiums then absconding with the money.

Richard Darrel Wolfe, 67, of Hendersonville, was indicted by a Sumner County grand jury last week, charged with 14 counts of theft and three forgery counts, dating to 2023 and 2024, court records show. He has a court hearing set for March 6.

Investigators began looking into Wolfe’s alleged actions in November, after several local businesses alleged that the man had sold insurance policies but had not secured coverage, The Hendersonville Standard and other news sites .

The National Association of Insurance Commissioners’ agent verification records show a Rick D. Wolfe in Hendersonville with an expired insurance producer license and an inactive surplus lines license. He was appointed with several property-casualty and life insurance carriers until 2020.

Rick Wolfe’s Linkedin page indicates he owned an agency in Hendersonville for 31 years.

Topics Agencies