Insurance agents and brokers selling annuities to elderly clients must be careful to provide the benefits the annuitant seeks and ignore the need of the agent or broker to obtain commissions. Failure to do so can end a career. Lying to the state regulators has even more consequences.
Paul A. Dyer appealed to the Supreme Court of Maine from a judgment entered in the business and consumer docket revoking Dyer's licenses and ordering him to pay civil penalties and restitution for violations of the Maine Insurance Code in Dyer v. Superintendent of Insurance, BCD-12-469 (Me. 06/25/2013).
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