Charged with not remitting car insurance payments, an auto insurance agent from Westfield, New Jersey was charged with theft. The Attorney General in New Jersey identified the accused as Virginia Larsen. She was charged missapplication of car insurance payments, entrusted property and property of the government. Larsen works as an insurance agent and company officer for Larsen Global Marine. Larsen is an insurance company in New Jersey. In Larsen’s indictment, between July 29, 2009 and August 31, 2009, she was able to obtain $148,739 in car insurance payments. The prosecutors declared that Larsen did not remit the car insurance payments that was intended for an Insurance Company. Larsen was said to have been entrusted with the car insurance payments but have kept the funds for her own use. Under New Jersey state law, second degree charges carry a maximum penalty of 10 years in a state prison and fines of $150,000.
Becoming an insurance agent and being permitted to collect a customers car insurance payments is a position of trust. Violation of that trust has an affect on all insurance agents. I have been an insurance agent for 20 years now. There has never been a time our customer’s have had to worry about their insurance payments being commingled with agency or personal funds. All customer insurance payments are remitted to the insurance company immediately.
InsureDirect.com offers cheap car insurance rates in New Jersey. Aside from providing the best rates on auto insurance, InsureDirect.com also provides the lowest rates on commercial vehicle insurance, motorcycle insurance, homeowners insurance, Renters and Boat insurance. The company’s cheap car insurance products can be bought over the phone or on online. Aside from the major credit/debit cards, InsureDirect also accept payments made through MoneyGram and Western Union’s Quick Collect.
Michael E. Dortch
President & Managing Agent
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618 South Broad Street
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