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Violation Tracker Individual Record

Company: National Program Services, Inc.
Penalty: $78,875,000
Year: 2008
Date: February 28, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Respondent's producer and insurance premium finance company licenses have been suspended since 2002/2003 pending State and federal criminal prosecutions and sentencing upon conviction. The producer committed theft and bank fraud and was incarcerated as a result of State and federal court convictions for insurance related crimes. Sanctions: Revocation of licenses; Restitution - $78.75 million; Fine - $225,000.
Level of Government: state
Action Type: agency action
Agency: New Jersey Department of Banking & Insurance
Civil or Criminal Case: civil
Facility State: New Jersey
Facility City: Cedar Knolls
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.