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Central Florida Insurance Agent Arrested for Transacting Fraudulent Policies with a Suspended Insurance License

7/27/2015

Contact: Ashley Carr
(850) 413-2842
 
ORLANDO, Fla. - The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) today announced the arrest of insurance agent Julia Shurdom, 67, for transacting insurance related business with a suspended insurance license, scheming to defraud, and uttering a forged document while working for Absolute Insurance Services in Orlando, Florida.

DIF received a complaint in regards to Ms. Shurdom, after a client who purchased homeowners’ insurance in 2013 and 2014 discovered that her home had remained uninsured. DIF conducted an investigation surrounding the complaint and found, per her bank records, that Ms. Shurdom had collected two homeowners’ insurance premium payments and used the money for personal profit.

During the investigation, DIF conducted a license search for the accused agent and realized that the Department’s Division of Agent & Agency Services (A&A) had already begun investigating Ms. Shurdom for a series of unrelated events. A&A’s investigation had subsequently resulted in a suspension of Ms. Shurdom’s license to conduct insurance related business. A follow up audit by A&A, as well as the ongoing investigation by DIF, revealed that Ms. Shurdom continued to negotiate insurance policies without the proper licensing from the Department of Financial Services, and that  the transactions conducted were fraudulent.

Julia Shurdom was booked into Orange County Correctional Facility with a bond of $6,500 on charges which include scheme to defraud, uttering a forged instrument, and violation of a suspension order. This case will be prosecuted by the Office of Orange County State Attorney Jeffrey L. Ashton and if convicted, Ms. Shurdom could face up to 15 years in prison.
 
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Chief Financial Officer Jeff Atwater, a statewide elected official, oversees the Department of Financial Services. CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).