Associated Press, Published November 08 2010
Fargo, Grand Forks insurance agents lose licensesBISMARCK, N.D. (AP) — North Dakota Insurance Commissioner Adam Hamm has revoked the license of a Fargo insurance agent, barring Janet Lulay from doing insurance work in the state.
Hamm says Lulay accepted a check from an insurance client to pay premiums on a homeowner's policy and then deposited the money into her personal bank account.
Hamm says Lulay waived her right to an administrative hearing and consented to the revocation. Lulay declined comment Monday.
Also, a Grand Forks insurance agent who pleaded guilty to conning a Grand Forks real estate company into paying more than $64,000 for nonexistent home policies has lost his license to operate.
Hamm says he revoked the license of David Glessner and MAG Insurance, under which Glessner operates.
Glessner is to be sentenced Nov. 24. He earlier reached a plea agreement with prosecutors that calls for him to make restitution, serve four months of electronic home monitoring and spend four years on supervised probation.
Hamm says Glessner waived his right to an administrative hearing and consented to the revocation. A telephone listing for Glessner was disconnected Monday.
Copyright 2010 The Associated Press.