Insurance Agent Charged With Pocketing $20,000 in Comp Premiums
Friday, August 25, 2017 | 488 | 0 | 0 min read
A Rome insurance agent was arrested Thursday and charged with six counts of workers’ compensation insurance fraud, the Georgia Department of Insurance said.
Marshall Irwin, owner and operator of the Irwin Agency, took about $20,000 from his clients to pay for workers’ compensation coverage but allegedly pocketed the money instead of placing the policies, the agency said.
“The actions of Mr. Irwin have put consumers and business at significant financial risk,” Deputy Insurance Commissioner Jay Florence said.
Irwin was taken into custody at his agency, located at 1850 Redmond Circle, Suite 800, and then booked into the Floyd County Jail.
Warrants charge him with three counts of insurance fraud for the alleged misappropriation of premiums, and three counts of insurance fraud for allegedly issuing fraudulent certificates of insurance, the Department of Insurance said.
Irwin has been a licensed Georgia insurance agent since 1989.
The agency urges anyone who has purchased insurance from Marshall Irwin or the Irwin Agency to verify their coverage with the insurance company listed on their policy or contact the Georgia Department of Insurance for assistance at 800-656-2298.
Insurance fraud is a felony with a penalty of two to 10 years in prison and/or a fine of up to $10,000, Florence said.