Insurance Commissioner Jones Announces Arrest of Insurance Agent for Grand Theft, Forgery
News: 2011 Press Release
Insurance Commissioner Dave Jones today announced that Paul Daniel Cornejo, 29, a licensed insurance broker, was arrested at his home in Adelanto, CA on four felony counts of grand theft, three felony counts of forgery, two felony counts of theft by false pretense and three misdemeanor counts of theft. Cornejo was booked into the San Bernardino County Jail, and his bail is set at $400,000, meanwhile, his arraignment is pending. The Investigation Division, Criminal Operations - Point of Sale [C.O.P.S.] Unit investigated this case. The San Bernardino County District Attorney's Office is prosecuting Cornejo.
Between April 2008 and March 2010, the C.O.P.S. Unit received multiple complaints from victims alleging that Cornejo, doing business in the Inland Empire (San Bernardino and Riverside Counties) as TATEMAS Truck Insurance Services and Royal Insurance Group Services, Inc. collected premium payments from long-distance trucking businesses. Instead of remitting the funds to any insurance company, Cornejo issued fraudulent Certificates of Insurance without placing actual insurance coverage. Victim losses to date are approximately $38,000. The fraudulent certificates of insurance that Cornejo issued exposed the victims, trucking firms, and the public to potentially uncovered losses.
Anyone who feels that they may be a victim should contact the Investigation Division at (909) 919-2233.
Disciplinary action against Cornejo's license to sell insurance is under review.
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $310 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800.927.4357. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.