Haskell County insurance producer fined, license revoked following investigation
Staff reportThe Lawton Constitution
OKLAHOMA CITY — The Oklahoma Insurance Department announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, following an investigation led by its Anti-Fraud Unit.
On Feb. 11, a show-cause hearing was held at OID's offices before an independent examiner, at which Clark failed to appear. Clark was found to have improperly withheld and misappropriated 18 cash receipts totaling $7,269.38 from consumer premium payments. OID revoked Clark's license and issued her a $2,000 fine.
This case began when Farmers Insurance Group filed a complaint on Dec. 5, 2024. The complaint stated Clark failed to forward premium payments to the company.
Farmers' internal investigation revealed that between Aug. 23, 2023, and June 12, 2024, Clark had entered 18 cash receipts into its internal payment system to credit insureds' policies. Clark failed to forward the funds to Farmers.
Farmers' investigation also found that Clark's personal homeowners policy was canceled for non-payment on June 23, 2024. Clark entered a check receipt for $6,885.00 into the insurer's internal payment system on July 31, 2024, to reinstate her homeowners policy but failed to make a deposit into Farmers' bank account to cover the check amount.
Farmers recovered the amount due, and no consumer policies were affected.
If you think you've witnessed insurance producer fraud, you can report it confidentially to OID by emailing [email protected], calling (800) 522-0071 or visiting oid.ok.gov/anti-fraud.
Federal Reserve Rate Hike Probability Surges to 25% on Iran Conflict Concerns
House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
Advisor News
- The first 5 years of your career could determine the next 50
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News