— Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Deana Ladd, of Van Wert, Ohio, for violations of Ohio insurance law.
A Department review revealed that around March 23, 2009, Ladd was convicted of theft, a felony. Ohio insurance law allows the Director to revoke an agent’s Ohio insurance license for being convicted of a felony.
Ladd’s resident insurance agent license was revoked June 27, 2011.
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— The Clermont County Court of Common Pleas on May 10, 2011 upheld an Ohio Department of Insurance decision to revoke the surety bail bond agent license and the assessment of $105,000 in civil penalties and costs against appellant Debra Henneke, of Cincinnati, Ohio, and prior owner of A-1 Bail Bonds, for violations of Ohio insurance law.
“We are pleased with the affirmative decision of the Clermont County Court of Common Pleas,” Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor said. “Henne
— Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has traveled to Florida to join several state regulators who, working with the National Association of Insurance Commissioners (NAIC), have formed a special task force to help coordinate regulatory investigations involving the claim settlement practices of life insurance companies.
During the past several months, insurance regulators have been investigating a number of large life insurance companies regarding their standard business practices in handling death benefits for life insurance policies. The
The modern world is becoming really fast and people have been confined to nuclear families where the main objective is to earn money without health concerns. They don’t have enough time to spend for social interactions with other individuals and tend to lead a carefree life. However, some people are very much bound to principles and take steps to spend time with friends and family. They also take steps in order to insure their lives and property by means of life insurance policies.
Life insurance is a term that is defined as a legal contract between the insurance company or insurer and a policy holder. I Read more…
– Do you suspect a deceased loved one has a life insurance policy that you cannot locate? We can help.
The Ohio Department of Insurance’s missing life policy search service is a comprehensive search service that assists Ohio residents, and the families of deceased Ohio residents, in locating lost insurance policies purchased in the state. The search identifies the existence of any life insurance policies or annuity contracts purchased in Ohio and issued on the life of, or owned by, a deceased person.
Since its implementation in September of 2009, the missing life policy search service has had 682 valid search requests, and have matched 442 polices with their rightful owners.
— Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor named Joe Garber the Department’s Chief Legal Counsel. Garber, who joined the agency on April 11, advises the Department in legal matters and recommends course of action in legal and administrative proceedings involving the agency. He directs the Office of Legal Services, and serves as a liaison with other state agencies and the Ohio Attorney General’s Office.
“It is a pleasure to have someone with Joe’s background working at the Department of Insurance,” Taylor said. “Joe’s experi