|Please Note: P.L. 2013, c. 259 became effective on July 1, 2014. This law amended the Administrative Procedure Act, R.S. 52:14B-1 et seq. One of the amendments requires all state agencies to post on their websites all non-confidential final agency orders, decisions and opinions. Accordingly, all such final agency orders or decisions in disciplinary actions issued subsequent to July 1, 2014 may be accessed by clicking on the link within the summaries below. Orders or decisions issued on such matters prior to July 1, 2014 are available upon request to the Division of Insurance.
Edward R. Cenneno, Jr., Browns Mills and Mt. Holly, NJ
Phoenix Bail Bonds, Browns Mills and Mt. Holly, NJ
Order #E17-2, January 26, 2017
Respondents misappropriated bail bond premium, failed to satisfy judgments on forfeited bail bonds, failed to abide by the terms of an agency agreement and failed to respond to Department inquiries; Respondent Cenneno failed to abide by the terms of additional agency agreements.
Sanction: Revocation, Fine - $50,000 as to both respondents, jointly and severally, and $20,000 as to Cenneno only, Costs - $1,137.50 and Restitution - $171,469.93
Joseph F. Angelucci, Cherry Hill, NJ
Order #E17-04, January 31, 2017
Respondent submitted three life insurance applications with forged signatures of another producer.
Sanction – Fine $5,000
Rumiko Termyna, Clifton, NJ
Order #E17-03, January 31, 2017
Respondent advised insureds to withdraw funds from their life insurance policies in order to fund investments that proved to be bogus and failed to report the filing of criminal charges against her.