FOR IMMEDIATE RELEASE

September 17, 2020

Cease and Desist Orders Issued for two St. Martin Parish Agents

The Louisiana Department of Insurance (LDI) has issued Cease and Desist Orders and fines to two St. Martin Parish insurance producers for alleged misappropriation of premium funds.

Tasey Ann Tolliver-Alexander is alleged to have misappropriated insurance premium in 2019.  According to investigators, Tolliver-Alexander also was engaged in the business of insurance with an expired license. Records from the insurer indicate that payment was never forwarded resulting in said policy being canceled. Vincent Alexander, the owner of the Vincent Alexander Insurance Agency and the husband of Tasey Ann Tolliver-Alexander, was also issued a cease and desist order as well as a summary suspension and revocation of his producer’s license for failure to adequately supervise the activity of Tolliver-Alexander.

“Victims of agents who collect premiums for insurance coverage are placed at a huge risk for drastic financial losses when they think they have insurance in place for their protection, but do not,” said Insurance Commissioner Jim Donelon. “Consumer protection being our first responsibility, actions like those of these agents will not be tolerated.”

Tolliver-Alexander and Alexander have 30 days from the time of service to request an administrative appeal or the above actions will become final.

Alexander and Tolliver-Alexander have conducted business under the name Vincent Alexander Insurance Agency. Individuals or businesses with information regarding this case or other insurance-related activities are encouraged to report these matters to the LDI Division of Fraud and Enforcement by calling (225) 342-4956 or 1-800-259-5300.

The Cease and Desist Order for Tolliver-Alexander may be found here. The Cease and Desist Order for Alexander may be found here.

About the Louisiana Department of Insurance: The Louisiana Department of Insurance works to improve competition in the state’s insurance market while assisting individuals and businesses with the information and resources they need to be informed consumers of insurance. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace and makes certain that insurers comply with the laws in place to protect policyholders. You can contact the LDI by calling 1-800-259-5300 or visiting www.ldi.la.gov.