Dear fellow consumers:
For several years I have been involved in the insurance business both on the company side as well as the retail side. About a year ago I was asked by the owner of Hallam Insurance Agency to come in and asses his book. As I thought this was going to be a normal case was I so wrong.
Upon arriving I discovered that the owner Donald Hallam was constantly cooking his books and then attempting to reconcile them. Consumers sould be aware that he was issuing payroll checks and personal checks out of his trust account. Paying out of ones trust account is fraud and he is stealing from you, the consumer. A trust account is set up to hold clients monies until applied to what it was intended for.
The second violation I noticed was his lack of licensed agents. While he was often out fishing and "not running his business" his internal office help was issuing policies, writting new business, and other DOI violations. Mr. Don Hallam upon returning would often sign off on these applications in order to be in compliant. The problem is that at often the girls: Rosa, Cindy, and others would write the wrong type of business.
As he currently has on-going investigation with several Federal Agencies please keep in mind before you get ripped off. It's agents like this who have made a bad name for the industry. They continue to eat at the finest returants, vaction all the time, and always have money to spend. Well ask your self "Who's Money?" that's right yours!
So be aware. Be very aware
Joe Auditor
Rippon, California
U.S.A.
0 comments