Common Contracts
1 similar null contracts
COMPANY, GARY R. SMITH, ) CONSENT AGREEMENT MARK D. LECLERC, AND )December 16th, 2014
Mark D. Leclerc, the Superintendent of the Maine Bureau of Insurance, and the Maine Office of the Attorney General hereby enter into this Consent Agreement pursuant to 10 M.R.S.A. § 8003(5)(B) to resolve, without an adjudicatory proceeding, violations of the insurance code arising from Mr. Leclerc’s conduct under a license issued by the Superintendent. As more fully set out below, Mr. Leclerc demonstrated incompetence and untrustworthiness in the conduct of his business when he improperly sold an $82,748.04 deferred annuity and a $49,000.00 immediate annuity to an 81 year old widow, and recommended the purchase of a Medicare supplement policy, funded by money she obtained from a reverse mortgage on her home.
