Tuesday, March 4, 2014

Commissioner Revokes Insurance Producer's License

DES MOINES – March 3, 2014 -Iowa Insurance Commissioner Nick Gerhart announced today that he has revoked the insurance producer license of Sarah Carry of Newton, Iowa. 

Carry consented to the revocation of her insurance producer license based on her misappropriation of a customer premium received in the course of doing insurance business.  Carry altered cash receipt reports in her office to cover up premium taken from a client in the amount of $533.25.

Commissioner Gerhart and the Iowa Insurance Division regulate both the business of insurance and the sale of securities in Iowa.  Consumers with complaints in these areas can contact the Division at 877-955-1212.