JACKSON, Miss. (WJTV) – The Mississippi Insurance Department (MID) announced they're revoking the licenses of 59 insurance agents after they failed to appear at a hearing this week.
According to MID, the agents are accused of obtaining or maintaining a Mississippi resident producer license through material misrepresentation or false pretenses, in violation of state law. All 59 agents were served with a Notice of Hearing in June.
MID officials said none of the agents appeared to refute the claims against them at the July 20, 2026, hearing in Jackson.
The revocation order comes after Insurance Commissioner Mike Chaney and Deputy Commissioner David Browning learned from the Centers for Medicare & Medicaid Services (CMS) and a Health Insurance provider that these agents submitted applications to sell health insurance through the Federal Health Insurance Marketplace while living in another state. MID investigators determined that most reside in Florida. Additionally, some agents had criminal backgrounds that they did not disclose on their applications.
According to the agency, the Mississippi Attorney General's Office is working with the MID on these revocations and other pending cases.
"The evidence is clear, these agents don't live in Mississippi. They applied for a license here under false pretenses. To put it simply, they lied, and lying on the application, misrepresenting the facts, leads to losing your license. It could also bring additional civil and criminal penalties," said Chaney.
Kingstone Companies, Inc (NASDAQ:KINS) Plans Dividend Increase – $0.06 Per Share
Tech earnings, oil hikes drag on indexes Wall St falls as tech earnings spark AI spending worries and oil hits $100
Advisor News
- 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
- House panel advances CLEAR Forms Act backed by IRI
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