Former California insurance agent convicted of theft

Former licensed insurance agent Vincent Allen Lagrange, 66, of Seal Beach, California, was accused of using a sunburner after an investigation by the California Department of Insurance found that the elder was acting as a licensed insurance agent. He was convicted in Dino County Superior Court of one misdemeanor count of grand theft from an elder. Insurance agents collect premiums from consumers, but pocket the premiums and leave consumers uninsured.

LaGrange was sentenced to a year of probation and paid the victim in full.

In May 2016, CDI revoked the license of LaGrange and the entities operating as LaGrange and Associates Inc and Empire-Valley Insurance Services. Allegedly, he proved that he had overcharged elderly consumers by collecting his earthquake compensation twice and misleading him about billing. Lagrange reportedly obtained insurance premium funding from another financial company without her knowledge and tried to reapply for a new license six months later, but was denied.

Following consumer complaints in 2019, CDI investigators reportedly learned that LaGrange was selling commercial liability insurance under someone else’s insurance license number and collecting premiums from consumers. .

LaGrange collected premiums from two Lake Arrowhead consumers. One of them was an elderly consumer who was unable to apply for insurance and instead kept the money for himself. To cover up the theft, LaGrange issued an insurance policy to the consumer, which exposed the consumer to loss and significant financial risk.

The San Bernardino County District Attorney’s Office has prosecuted the case.

topic
california agency fraud

Was this article worth it?


Here are some other articles you might enjoy.

interested in agency?

Get automatic alerts for this topic.

Leave a Comment