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News: 2011 Press Release

For Release: March 29, 2011
Media Calls Only: 916-492-3566
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.

The details of Broussard's theft and arrest can be found in this December 2010 press release by CDI.

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.

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The California Department of Insurance, established in 1868, is the largest consumer protection agency in California, regulating the $123 billion insurance marketplace. In 2013 the California Department of Insurance received more than 170,000 calls from consumers and helped recover over $63 million in claims and premiums. Please visit the Department of Insurance web site at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800.927.HELP or 213.897.8921. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.

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