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CA Department of Insurance
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CA Department of Insurance

Insurance Commissioner Jones Announces Sentencing of Former Insurance Agent for Theft From An Elder

News: 2011 Press Release

For Release: March 29, 2011
Media Calls Only: 916-492-3566
Email Inquiries: cdipress@insurance.ca.gov

Insurance Commissioner Jones Announces Sentencing of Former Insurance Agent for Theft From An Elder
Total theft of funds was $32,500

Insurance Commissioner Dave Jones today announced that Paul Edward Broussard, 68, a former insurance agent was found guilty of two misdemeanor counts of theft from an elder, in violation of PC 368(d). Broussard was recently sentenced (March 3, 2011) to 36 months of formal probation and 100 hours of community service. He was ordered to surrender his insurance license to the California Department of Insurance (CDI) and not to reapply for a new license for a lifetime. Broussard made full restitution of $32,500.00 to the victims prior to sentencing.

"A Licensed Insurance Agent who steals from policyholders and preys upon seniors will be fully investigated and prosecuted by my Department," said Insurance Commissioner Dave Jones.

This case was investigated by the CDI - Los Angeles Investigation Division and prosecuted by the Los Angeles County District Attorney's Office, Elder Abuse Unit.



Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.

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