ORDERS:
ORDER OF DISMISSAL
This
matter is before me pursuant to a request for a contested case hearing filed on
February 16, 2006 by Respondent, William M. Worthy, II. Petitioner, the South
Carolina Department of Insurance (Department), seeks revocation of Respondent’s
South Carolina producer’s license, which has been suspended since 2004.
By
letter dated January 19, 2006, the Department noticed Respondent of its intent
to revoke his producer’s license under S.C. Code Ann. § 38-43-130. In seeking
revocation, the Department alleges that Respondent deceived and dealt unjustly
with the citizens in this state in the business of insurance. Specifically, the
Department alleged in its Pre-hearing Statement that: Respondent was the
president of CHS Admin, LLC., and controlled New Source Benefits, LLC, CHS
Admin’s successor corporation; that CHS Admin entered into an agreement with
TIG Premier Insurance Company, a subsidiary of Fairmont Specialty Group, to administer
group insurance plans; that at Respondent’s direction, CHS Admin and/or New
Source Benefits failed to remit to TIG premiums collected on TIG’s behalf; and
that at Respondent’s direction, those premiums were converted for Respondent’s
personal use and the use of other entities that Respondent controlled.
On
October 16, 2006, Respondent withdrew his request for a contested case hearing.
Accordingly,
IT
IS HEREBY ORDERED that this matter is dismissed with prejudice and remanded
to the Department of Insurance to take such action as it deems appropriate.
AND IT IS SO
ORDERED.
_____________________________
Marvin
F. Kittrell
Chief
Administrative Law Judge
October 23, 2006
Columbia, South Carolina |