Hamm issues cease and desist order against Grand Forks insurance agent and agency
Posted on 7/7/2010
BISMARCK, N.D.-North Dakota Insurance Commissioner Adam Hamm today issued a cease and desist order against David Glessner, a Grand Forks insurance agent, and MAG Insurance LLC, a Grand Forks insurance agency, who are alleged to have improperly used money belonging to insurance clients. MAG Insurance is the business entity name by which Glessner conducts some or all of his insurance business. The order bars Glessner and MAG Insurance from engaging in the business of insurance.
The cease and desist order alleges that Glessner accepted money from an insurance client, and then issued one or more falsified insurance policies and also failed to apply the money to an actual insurance policy. The client believed he had insurance coverage when in fact he did not.
"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." Hamm added that as part of the investigation the Insurance Department is looking for other North Dakota consumers who may have purchased insurance from Glessner or MAG Insurance. If a consumer is worried about their coverage under a policy purchased through Glessner or MAG Insurance, please contact the Insurance Department at 1-800-247-0560 or firstname.lastname@example.org.
Glessner has a right to request an administrative hearing on the cease and desist order within 30 days of issuance.