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Violation Tracker Individual Record

Company: Hurd Insurance Agency and TIC Brokerage
Penalty: $1,404,128
Year: 2006
Date: January 6, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Final Order # E06-06, January 6, 2006; Order to Show Cause E04-112 issued September 27, 2005 charged respondents with: sale of policies from an ineligible insurer (T. Hurd and Hurd Agency); creating letters with false information and forgery (T. Hurd and Hurd Agency); conspiracy (T. Hurd and Hurd Agency); issuing false insurance ID cards (T. Hurd, Hurd Agency and TIC); sale of insurance through unregistered purchasing groups (T. Hurd and Hurd Agency); engaging in the business of insurance through an unlicensed producer (T. Hurd and Hurd Agency); selling insurance from an unauthorized insurer (T. Hurd, Hurd Agency and TIC); failing to remit or return premium (T. Hurd and Hurd Agency); failing to secure coverage (T. Hurd and Hurd Agency); making misrepresentations to the Department (T. Hurd and Hurd Agency); financing insurance premium without a license (T. Hurd and Hurd Agency); allowing unlicensed persons to conduct the business of insurance (T. Hurd and TIC); presenting checks that were subsequently dishonored (T. Hurd and TIC); and failing to notify the Department of PA license revocation (T. Hurd and Hurd Agency). Although provided with notice and an opportunity to contest these charges, the respondent failed to do so. Sanctions: Revocation of licenses (T. Hurd, Hurd Agency, and TIC); Fine - $309,200 (T. Hurd and Hurd Agency); Fine - $110,000 (T. Hurd and TIC); Costs - $5,978 (T. Hurd and Hurd Agency); Costs - $460 (T. Hurd and TIC); Restitution - $912,845.94 (T. Hurd and Hurd Agency); Restitution - $ 65,636 (T. Hurd and TIC).
Level of Government: state
Action Type: agency action
Agency: New Jersey Department of Banking & Insurance
Civil or Criminal Case: civil
Facility State: New Jersey
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.