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Former Puyallup insurance agent guilty of defrauding customers

Post by Adam Lynn / The News Tribune on Aug. 21, 2012 at 2:37 pm with 3 Comments »
August 21, 2012 2:37 pm

A former Puyallup insurance agent pleaded guilty this week to taking premiums from people but providing them no coverage.

Nancy Bishop, 54, will be sentenced Sept. 5 on one count of first-degree theft and two counts of forgery. Prosecutors will recommend a jail term of six months, court records show.

She entered a special plea in which she maintained her innocence but said she thought she’d be convicted at trial based on her review of the state’s evidence.

The state Office of the Insurance Commissioner began investigating Bishop in 2009 after receiving a complaint from the owner of a construction company who claimed Bishop had defrauded her, the agency reported Tuesday.

“The investigation found dozens of instances in which Bishop collected premiums but provided no insurance coverage,” the agency reported. “She continued to bill clients anyway.”

Investigators found Bishop owed policyholders more than $131,000.

In April 2011, state Insurance Commissioner Mike Kreidler barred Bishop from selling insurance in Washington.

 

Leave a comment Comments → 3
  1. dirtydan54 says:

    I’ll voluntarily spend six months in jail for $131,000.00

  2. interWOLFone says:

    This is what I worry about as a general contractor and business owner. I’d really be interested in knowing which company she worked with.

  3. she did nothing other then poor bookkeeping ! these guys would change their names if they got into financial stress even use their wives soc # to get a bond

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