CFO Alex Sink photo

Volume 4 Number 13
March 30, 2007

CFO Sink REVOKES Orlando Agent’s license for pocketing Customer payments 

Florida Chief Financial Officer Alex Sink has revoked the license of an insurance agent who, from 2004 to 2006, diverted premium payments from his clients into a personal account and never forwarded the payments to the insurance carriers. 

Christopher Millsaps, 45, of Orlando, targeted several of his larger commercial business clients in Orange and Seminole counties, telling them they had additional insurance premiums due and instructing them to remit their payments directly to him.  

“Consumers trust insurance agents to ensure they receive adequate coverage and the services they pay for,” said CFO Sink.  “We will aggressively pursue any agent who takes advantage of a customer, especially as so many Floridians are struggling to keep up with rising premiums.”

The misappropriated funds were deposited into his personal account and were never paid to the respective insurance carriers. With the assistance of Millsaps’ agency employer, the Department of Financial Services has confirmed necessary coverage to all of his victims.  BJ Hotaling was the department’s lead investigator.

 The Florida Department of Financial Services’ Division of Agent and Agency Services, Bureau of Investigation, investigates various types of insurance violations by agents including health, life, auto, property, workers’ compensation, bail bond and title insurance.  To check on the status of an agent’s license or to file a complaint against an agent, call 1-800-342-2762 or log on to www.MyFloridaCFO.com.