A Califorinia health agent has been arragined on one count felony grand theft involving false insurance applications.
“Defrauding an insurance company out of thousands of dollars doesn't just hurt that company, it ultimately hurts consumers,” says Insurance Commissioner Dave Jones. ”Individuals who perpetrate such crimes will be prosecuted to the fullest extent of the law.”
According to investigators, from December 2009 until July 2010, Vincent Christopher Bellucci allegedly submitted bogus long-term care insurance applications to Genworth Life Insurance Company. The applications contained false names, addresses and income information for the applicants. The Newbury Park agent was also charged with impersonating some of the insurance applicants when Genworth conducted follow-up personal history interviews over the phone.
When he submitted the phony applications, Bellucci received advanced commissions worth more than $91,000. Bellucci's insurance license expired on Aug. 31, 2011.
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