Central Coast insurance agent sentenced for embezzling from employer
News: 2018 Press Release
After receiving a complaint from the insurance company, CDI investigators found that while working as an agent for the company, Jackson falsified insurance documents related to his own personal insurance claim. He also embezzled funds from the insurance company by writing multiple checks, totaling $4,388.92, to himself from the company's account.
"I have zero tolerance for agents who violate the principles of their license and rip off insurers or consumers for their own financial gain," said Insurance Commissioner Dave Jones. "Dishonest agents reflect poorly on the more than 350,000 licensed agents and brokers, most of whom do their best to be honest and professional in their business practices in California."
The department's investigation led to Jackson's arrest in November 2017. Jackson's agent license is revoked and he is barred from transacting the business of insurance. The case was prosecuted by the Santa Barbara County District Attorney's Office.
- Jackson pled guilty to one felony count of Insurance Code § 1871.4(a)(1) – Fraudulent Statements and was sentenced in Santa Barbara County Superior Court.
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.