Man fined $5,000 in 2003 for misappropriation of insurance premiums

From News on 6, “Investigators discovered Mark Lauderdale, whose insurance license expired four years ago, continued collecting payments for insurance policies, but failed to forward all of the money on to insurance companies.

The scheme left some of his clients without coverage for years, according to the commissioner’s office.

Lauderdale, whose clients include a small town in Payne County and a senior citizen activity center, hasn’t had a valid insurance license since May 31, 2013.
Investigators found he created false documents to convince his clients that they were insured, when in fact they were not.”

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