Insurance Commissioner Jones Announces Sentencing of Former Insurance Agent for Theft From An Elder
News: 2011 Press Release
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.
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.