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Hamm issues cease and desist against Fargo insurance agent

BISMARCK, ND-North Dakota Insurance Commissioner Adam Hamm today issued a cease and desist order against Larry Atkins, a Fargo insurance agent, who has allegedly defrauded individuals in the eastern part of the state. The order bars Atkins from engaging in the business of insurance. 

The order is a result of allegations that Atkins borrowed money from previous or current insurance clients and failed to repay the money. State law prohibits a licensed insurance agent from soliciting or accepting a loan from any person with whom the agent has had an insurance relationship within the last 10 years. 

"In cases like this, my department moves swiftly to attempt to ensure that there is no future harm to consumers," Hamm said. "We have quickly opened an investigation to uncover any fraudulent or illegal transactions that were done by Mr. Atkins." Hamm added that the Insurance Department is working in partnership with the North Dakota Securities Department. 

Atkins has a right to request an administrative hearing on the cease and desist order within 30 days of issuance.

Any consumers that have questions or concerns are encouraged to contact the North Dakota Insurance Department at 1-800-247-0560.

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North Dakota Insurance Department
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
Phone 701.328.2440
Toll free 800.247.0560
Fax 701.328.4880

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