Winnetka insurance agent arrested for grand theft and embezzlement
News: 2014 Press Release
WOODLAND HILLS, Calif. - Adalina Marie Hernandez, 36, of Winnetka, was arrested by the Department of Insurance on September 26 and is accused of one felony count of grand theft and two felony counts of forgery. Hernandez accepted premium payments for two homeowners insurance policies and allegedly deposited the nearly $2,500 to her personal account.
"When an agent pockets a premium payment and fails to establish an insurance policy it leaves consumers needlessly vulnerable," said Insurance Commissioner Dave Jones. "This premium theft is a stark reminder for consumers to remain vigilant if your insurance agent encourages you to pay them directly."
In September 2013 department investigators received a complaint from an insurer, claiming that Hernandez accepted premium payments from clients for coverage, but failed to forward the checks to establish the insurance policies. The investigation discovered that in addition to accepting premium payments Hernandez was cashing refund checks intended for homeowners and depositing funds to her personal account.
The department, as a result of the felony complaint, suspended Hernandez's license on September 25, 2014. Hernandez is being prosecuted by the Los Angeles County District Attorney's Office and was booked at the Los Angeles County Jail with bail set at $60,000.
- License details for Hernandez #0F94239.
- No booking photo available.
- Violations include:Two felony counts PC 470(d), forgery. One felony count PC 487(a), grand theft by embezzlement.
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.