A Puyallup insurance agent has been barred from conducting business in the state and ordered to repay more than $131,000 she misappropriated from her clients.
Nancy Bishop has been notified that she cannot renew her insurance license after a state investigation revealed she had violated insurance laws dozens of times.
The investigation, which was launched in December 2009, found Bishop accepted premium payments for policies that didn’t exist and kept the money. She also kept clients’ refunds and issued false coverage certificates.
In an order issued Tuesday, Insurance Commissioner Mike Kreidler said Bishop is “untrustworthy and a source of injury and loss to the public and not qualified to be an insurance producer in the state of Washington.”
After a client complained about Bishop in November 2009, the state told her investigators would be looking at her records. She twice tried to postpone the investigation and then let her license lapse.
Bishop has yet to respond to the state’s findings, according to the order.