BISMARCK, N.D.-North Dakota Insurance Commissioner Adam Hamm has revoked the license of Michael Antonello, a Minnesota insurance agent who consented to the revocation of his license in that state based on information that he obtained excessive life insurance, made material misrepresentations on applications, profited by selling life insurance policies to life settlement companies, and forged a signature on and tried to do business on behalf of a company to which he was not appointed.
His Minnesota resident producer license was revoked in December 2009. North Dakota law allows his nonresident license to be revoked based on the action taken in Minnesota.
"Mr. Antonello has shown himself to be extremely untrustworthy in working with insurance consumers," Hamm said. "This revocation bars him from doing any insurance business in North Dakota."
Consumers with questions about insurance policies purchased through Antonello are encouraged to call the North Dakota Insurance Department at 1-800-247-0560.