Taylor Revokes Kentucky Insurance Agent’s License
— Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Sheri Lyn Sharp, of Burlington, Kentucky, for violations of Ohio insurance law.
Sharp wrote approximately 52 insurance policies from February through July 2008 using fictitious names so she could meet her sales quota and earn commissions. Ohio insurance law allows the Director to revoke any license of an insurance agent for soliciting, procuring an application for, or placing, either directly or indirectly, any insurance policy when the person is not authorized to engage in such activity.
For those reasons, Sharp’s Ohio resident insurance agent license was revoked by the Ohio Department of Insurance on July 21, 2011.
The Department operates the initiative that educates consumers about insurance and investment fraud. Ohioans can visit to read the Take Actiononsumer Guide, and to stay informed on the latest fraud news and alerts.
Consumers with specific insurance questions and complaints can call the Department’s consumer hotline at Ohioans who believe an agent has violated an Ohio insurance law or has committed fraud should call the Department’s enforcement hotline, . Information about agent misconduct can be found on the Department’s web site, .
Posted by Mackenzie Belbin