License revoked after agent takes out life insurance on his clients to meet sales targets.

Adjuster absconds with $221,543 by creating fake payees using his own banking information.

Insurer’s original allegations were not addressed in decision.

Insurance company’s investigation finds agent used misappropriated funds for his own use.

Proposed rule gets more detailed about roles and responsibilities in agent supervision.

He currently serves on the regulator’s board of directors.

Representative changed client’s address to his own to avoid detection.