BISMARCK, N.D.-North Dakota Insurance Commissioner Adam Hamm has revoked the license of Jason "Jay" Fettig, a Bismarck insurance agent who has violated North Dakota's insurance laws. The revocation bars him from selling, soliciting or negotiating insurance in North Dakota.
The Insurance Department based the decision to revoke Fettig's license on a number of violations including:
His registration as an agent and investment adviser was refused by the Securities Department in October 2010 based on a 2007 violation of North Dakota securities laws; Fettig failed to report this to the Insurance Department.
A violation related to a commission that was not repaid to an insurance company related to the cancellation of a 2008 sale of life insurance policies.
Fettig failed to provide a complete list of all debts owed by him or his businesses as requested by the Commissioner. Additional debt was found during a Department investigation.
The Insurance Department issued a complaint to Fettig in September 2010, outlining the violations along with several others. Fettig requested a hearing. An administrative law judge granted the Department's motion to revoke Fettig's license.
"By ordering the revocation of Mr. Fettig insurance producer license, we are assuring that he can no longer work with North Dakota's insurance consumers," Hamm said.
Consumers with questions about insurance policies through Fettig are encouraged to call the North Dakota Insurance Department at 1-800-247-0560.