Posted by (American Life Insurance Guide 05/27/2020 Los Angeles News) According to the California Insurance Bureau, Linda Lee, a former insurance brokerage owner in the Chinese community, did not obtain a license correctly.Approximately US$50 in premiums from the policyholder were allegedly stolen. Linda Lee was arrested last Friday on the 22nd and faces 9 felony charges.
Case introduction
Linda Lee, formerly known as Ai Ling Lee, 60 years old, is a resident of Hacienda Heights, a Chinese district in Southern California.According to his company's website, Li has provided commercial insurance, labor insurance, health insurance and life insurance services in the Chinese community for a long time.The California Insurance Bureau issued a "suspension order" to Lee as early as August 2018 and revoked her company in December 8- Jubilee Insurance (Chinese name: Desheng Insurance)License.
An investigation by the California Insurance Bureau found that Linda Lee was the owner and actual operator of Jubilee Insurance (Chinese name: Desheng Insurance) in Hagang.Allegedly, Linda Lee stole $50 in insurance premiums as an insurance broker without properly obtaining a license from the Insurance Bureau.
Faced with multiple allegations including forged documents
Linda Lee collected premiums from SME owners, which should have been used to pay for property insurance, liability insurance, and labor insurance.But Linda Lee misappropriated these premiums, leaving the insured small business at risk of discontinuing the insurance because it did not pay the premiums.Among her clients, includingChinese restaurants, construction and decoration companies, and biochemical companies.
In order to flatten the premium and cover up the misappropriation of public funds, Linda Li arbitrarily modified some clients' declaration documents. Linda LeeThe premiums collected were either not remitted to the insurance company, or only part of the premiums were paid.Allegedly,Linda Lee also forged the customer’s signature on the financial agreement, with the purpose of funding certain insurance premiums without the customer’s knowledge or consent.
Linda Lee was arrested on Friday, May 5, and is expected to appear in court on September 22.The case was prosecuted by the White Collar Crime Department of the Los Angeles County District Attorney's Office.
If you or your family may be the victim of this insurance fraud case, you can call 800-927-4357 Contact the Insurance Bureau.At the same time, the California Insurance Bureau reminds you that you can passInsurance Bureau Free Inquiry System, To find out whether the person who recommends or sells any kind of insurance products to you has a legal license. (Finish)
Source:"Hacienda Heights unlicensed insurance agent allegedly steals half a million dollars in clients' premiums", 05.27.2020, [email protected], https://bit.ly/2zAAu00
