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Home > Insurance Division > 2015 Division of Insurance Enforcement Activity
2017 Division of Insurance Enforcement Activity

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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.
 
May


Final Orders

Rafael C. Agliata, Trenton, NJ
First Choice Bail Bonds, LLC, Trenton, NJ
Order #E17-29, May 1, 2017
Respondents failed to respond to an Order to Show Cause charging both of them with misappropriating bail bond premium, failing to pay forfeited bonds to the surety company and failing to respond to Department inquiries, charging Respondent Agliata with failing to pay state income tax and charging Respondent First Choice Bail Bonds, LLC with failing to satisfy numerous civil judgments for forfeited bail bonds.
Sanction: Revocation
    Fine - Agliata and First Choice, Joint and Several - $25,000
    Fine - Agliata Only - $10,000
    Fine - First Choice Only - $10,000
    Costs - $200


Philip G. Edwards,
East Orange, NJ
Order #E17-30, May 4, 2017
Respondent failed to remit premium to the insurer within five days, misappropriated premium, failed to use trust account checks to transmit premium, engaged in the business of insurance while unlicensed, failed to comply with a Department subpoena and failed to maintain records.
Sanction: Revocation, Fine - $15,000, Restitution - $4,226.18 and Costs - $475


Amended Order to Show Cause

Asma Norris, Chester , NJ
Order #E17-35, May 19, 2017
Respondent is charged with multiple instances of misrepresenting the nature and scope of policies and annuities sold to clients by, inter alia, stating that an annuity was like a certificate of deposit and funds could be accessed without penalty, of failing to conduct a comprehensive policy review on delivery of a policy, of misrepresenting to a client that purchase of an annuity would assist in qualifying for a government program, of forging client signatures, of misrepresenting and/or falsifying information on application forms and annuity suitability questionnaires, of failing to timely remit premium and of directing a client to make a premium check payable to Respondent’s mortgage lender.


Consent Orders

Kai Chong Cheng, Tenafly, NJ
Order #E17-42, May 30, 2017
Respondent failed to report to the Department an order issued against him by the New Jersey Bureau of Securities and improperly responded to the question on his license renewal application regarding involvement in administrative proceedings relating to any professional license.
Sanction: Fine $2,000

Cindy Li, Englishtown, NJ
Order #E17-36, May 19, 2017
Respondent placed an advertisement for an annuity that did not accurately describe the signing bonus, did not identify the insurance company and did not contain an appropriate description of the specific annuity.
Sanction: Fine - $2,500

Jon Paul Vaccaro, Saddle Brook, NJ
Order #E17-41, May 24, 2017
Respondent submitted false and misleading statements on ten life insurance applications.

Sanction: Suspension – Six months
              Fine for Producer Act violations - $5,000
              Fine for Fraud Act violations - $15,000
              Attorneys’ Fees under the Fraud Act - $4,250
              Fraud Act Surcharge - $750

 
April


Final Orders

AJS Bail Bonds, LLC, South Plainfield, NJ
Abraham Bashner, Jr., South Plainfield, NJ
Order #E17-26, April 20, 2017
Respondents failed to respond to an Order to Show Cause charging them with misappropriating bail bond premium, failing to remit premium to the insurer or return it to the applicant, and failing to respond to Department inquiries and a Department subpoena.
Sanction: Revocation, Fine - $17,000, Restitution - $20,000 and Costs - $450



Orders to Show Cause

Susan J. Fredericks, Crosswicks, NJ
Renaissance Title Agency, LLC, Bordentown, NJ
Order #E17-28, April 20, 2017
Respondents are charged with misappropriation of funds that were supposed to be used to pay liens in two real estate closings and with failing to respond to Department inquiries.

Andrew Tepedino, Ventnor City, NJ
Andrew Tepedino Financial Services, LLC, Northfield, NJ
Order #E17-23, April 13, 2017
Respondents are charged with making misleading, incomplete or inaccurate statements to induce a person to surrender his annuity contracts, submitting annuity applications on which they misrepresented the address, birthday and phone number of the applicant and falsely stated that the applicant did not have existing annuity contracts and that the contract applied for was not a replacement for an existing annuity contract, misrepresenting the applicant’s income, assets, liabilities and net worth on annuity suitability forms, forging the applicant’s signature on the annuity suitability form, submitting false information about the annuities that were replaced and failing to provide a buyer’s guide.



Consent Orders

Frank M. Conte, Franklin Lakes, NJ
Order #E17-27, April 20, 2017
Respondent submitted a Broker-of-Record change form to an insurer on which he had forged the name of the insured’s deceased spouse.
Sanction: Fine $2,500

Kim M. Fatzer, Kinnelon, NJ
Order #E17-25, April 18, 2017
Respondent submitted two applications to an insurer that falsely stated that the applicants were employed by a specific employer when she knew that they were not so employed.
Sanction: Fine - $5,000

Edward C. Hayes, Waldwick, NJ
Stewart Title Company, Houston, TX
Order #E17-22, April 12, 2017
Respondents failed to timely deliver a policy of title insurance.
Sanction: Fine - $2,500

Chiung Ying Tsao, Brooklyn, NY
Order #E17-24, April 18, 2017
Respondent submitted an application that misrepresented the applicant’s state of residence so that the applicant could obtain a policy that was not then available for sale in her state of residence.
Sanction: Fine - $2,500

 
March


Final Orders

Angela Baldwin, West Orange, NJ
The Baldwin Agency, LLC, West Orange, NJ
Order #E17-20, March 30, 2017
Respondents failed to respond to an Order to Show Cause charging them with conducting insurance business with an unlicensed producer, charging service fees without obtaining a written and signed fee agreement, failing to maintain a trust account and issuing non-compliant premium receipts.
Sanction: Revocation, Fine - $20,000, Costs - $862.50

Parnel Dupoux, Jersey City, NJ
Gametight Bail Bonds, Jersey City, NJ
Order #E17-10, March 10, 2017
Respondents failed to respond to an Order to Show Cause charging them with misappropriation of premium paid for an immigration bond, negotiating, soliciting and selling a line of insurance for which they did not have authority and failing to respond to a Department subpoena.
Sanction: Revocation, Fine - $11,000, Restitution - $6,530, Costs - $175

David G. Pierce, Branchburg, NJ and Atlanta, GA
Land One Settlement Services, LLC, Bridgewater, NJ
Links Abstract Group, LLC, Branchburg, NJ
Order #E17-14, March 10, 2017
Respondents Pierce and Land One failed to respond to an Order to Show Cause charging them with failing to notify the Department of an administrative action against them by other states, providing inaccurate information on the license renewal application, misappropriating title insurance premium, failing to issue title insurance policies and failing to respond to Department inquiries. Respondent Links Abstract failed to respond to an Order to Show Cause charging it with failing to notify the Department of an administrative action against it by another state.
Sanction: Revocation, Fine - $33,000 (Pierce and Land One), $1,000 (Links), Restitution - $779.80 (Pierce and Land One)


Orders to Show Cause

Hugh R. Hunsinger, Jr., Pine Brook, NJ
Order #E17-09, March 3, 2017
Respondent is charged with misappropriation of customer funds in failing to purchase an annuity and conviction of theft by unlawful taking.

James D. Griffin, Fairless Hills, PA
Order #E17-11, March 10, 2017
Respondent is charged with failing to remit a premium to the insurer within five business days of receipt.

Kenneth A. Rice, Dayton, OH
Order #E17-12, March 10, 2017
Respondent is charged with improperly applying discounts to insurance policies and failing to report formal disciplinary actions taken against his insurance license by twelve states.

Enrico Smith, Clayton, NJ
Earline Princewill, Philadelphia, PA
Order #E17-19, March 30, 2017
Respondents are charged with participating in an improper arrangement whereby Smith solicited and took applications for insurance products when not appointed by the insurer and Princewill signed the applications which Smith solicited.

Garrett Smith, Roselle, NJ
Order #E17-16, March 24, 2017
Respondent is charged with submitting a false automobile accident claim to an insurer, with conviction of insurance fraud, with failing to report his indictment and conviction to the Department and with failing to respond to a Department inquiry.


Consent Orders

Maggie Fung, Warren, NJ
Order #E17-18, March 30, 2017
Respondent placed a misleading advertisement that also failed to identify the insurer and the product.
Sanction: Fine $2,500


Horizon Healthcare of New Jersey, Inc.,
Newark, NJ
Order #E17-13, March 13, 2017
Respondent recovered claim overpayments from providers without providing statutorily required notice and appeal rights.
Sanction: Fine - $150,000, Restitution - $241,824.31

Jie Luo, Matawan, NJ
Order #E17-17, March 30, 2017
Respondent placed a misleading advertisement that also failed to identify the insurer and the product.
Sanction: Fine - $2,500

 
February


Order to Show Cause

Plainfield Medical Management, Inc., Plainfield, NJ
Order #E17-08, February 27, 2017
Respondent, a third party billing service, is charged with having been found to have violated the Insurance Fraud Prevention Act.


Consent Orders

Juan Huaman, Miami, FL
Order #E17-07, February 2, 2017
Respondent solicited insurance applications before he was appointed by the insurer.
Sanction: Fine $15,000


Versatile Physicians Solutions, LLC,
Toms River, NJ
Order #E17-06, February 2, 2017
Respondent acted as a third party billing service prior to being certified as a third party billing service.
Sanction: Fine - $1,000

 
January


Final Order

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


Consent Orders

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.
Sanction: Revocation

 
 
Previous Years
 
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