A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums.
Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and obtaining property by false pretenses, North Carolina Insurance Commissioner Mike Causey said in a statement this week.
Department of Insurance investigators alleged that between late 2023 and 2024, Crisp accepted almost $3,000 in premium payments on a homeowner’s and an automobile policy, but never secured the policies.
“White collar crimes like this are not victimless crimes,” Causey said. “It hits all of us in the pocket through higher premiums.”
The investigation is continuing. Records with the National Association of Insurance Commissioners show that Crisp obtained an insurance producer license in 2022, but has surrendered it “with prejudice,” effective at the end of this month.
Crisp showed no active appointments but in 2013 and 2016 she was affiliated with Allied Insurance Agency in Kannapolis, according to NAIC’s license look-up page and her Linkedin page.
In 2002, Crisp held an automobile insurance agent license but voluntarily surrendered it that year. She also held a property and liability license in North Carolina.
In 2006, the woman agreed to a settlement with the DOI. She agreed to pay a $250 penalty after paying an oustanding judgment of $6,139 that was related to unpaid claims filed against IWG Fund, which was not authorized to do business in North Carolina, according to the settlement agreement.
Topics Agencies North Carolina
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