A former Stockton, Calif. agent pleaded no-contest in San Joaquin Superior Court, and was sentenced to three years probation. Roger Allen Collins was charged with one count of theft of fiduciary funds along with one count of forgery.
Investigators charged that the former agent allegedly transacted insurance using the fictitious business names of “One Stop Insurance” and/or “Roger Collins Insurance Agency.” Investigators further alleged that Collins collected premium payments from a consumer, who was under the assumption idea that the payments would be directed toward the purchase of a personal automobile policy.
Instead of remitting each of the premium payments to the insurance company, which is required by insurance law, Collins allegedly moved all of the money for his own use, with coverage never being given to the consumer. Collins is also alleged to have given the consumer a false insurance identification card at the start of the transaction, knowing that there was no insurance coverage in place.
It is further alleged that when Collins was asked to offer policy documents from the insurance company, he never provided them.
Topics Agencies
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