Insurance agents license could be in jeopardy
Earlier this week, insurance agent Don Bullard was arrested on multiple drug charges. Those charges could impact his insurance license and his customers.
The North Carolina Department of Insurance issues licenses for every insurance agent in the state. If Bullard is convicted, his license could be in jeopardy.
Bullard was once one of State Farm’s top agents before leaving the company about a year ago for what he called “philosophical reasons.” Wednesday, Bullard was arrested for drug possession with intent to sell and attempting to destroy evidence.
According to the Department of Insurance, while the charges are pending, Bullard is allowed to continue to sell insurance. But if he is convicted, he could lose his license.
“An agent is required to notify us of any criminal conviction, within 30 days. After that there’s an administrative review,” said North Carolina Department of Insurance spokesperson, Johanna Royo. “If there is a violation, and they determine that there’s a violation, then the next step is an actual hearing. And then if there’s a violation, they can settle it with a fine and a voluntary settle agreement, or they can pursue revoking the license.”
Since Bullard was arrested, the Department of Insurance said they have received several calls from concerned customers. But there is no need to worry. All of the contracts are between the individual and the insurance company.
If you did get your insurance through Bullard, the Department of Insurance suggests finding your policy number and contact the insurance company holding the policy.
Earlier this week, insurance agent Don Bullard was arrested on multiple drug charges. Friday we are taking a closer look at the impact those charges could have on his insurance license and his customers.
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