Lindeen Warns Of Scam Targeting Medicare Recipients

csimt 2010, Insurance, Press Release

Montana Commissioner of Securities and Insurance Monica J. Lindeen is warning Montanans about health care scams targeting Medicare recipients. “Many states are shutting down scams by persons offering to help Medicare recipients get their $250 rebates and we want to make sure Montana seniors don’t become victim,” says Lindeen.

Lindeen Gets Money Back For Montana Investors

csimt 2010, Press Release, Securities

Commissioner of Securities and Insurance, Monica J. Lindeen, finalized a settlement with UBS Securities LLC and UBS Financial Services. UBS has agreed to buy back over $73 million of failed auction-rate securities and pay a $300,000 fine to the Montana general fund as part of a national investigation alleging brokerage firms stuck clients with hard-to-sell bonds.

Lindeen Urges Insurance Producers to Register Online

csimt 2010, Insurance, Press Release

Montana Commissioner of Securities and Insurance (CSI), Monica Lindeen announced the launch of a new service that allows surplus lines insurance producers to file their surplus lines submission forms online at the CSI website. This service will not only save the agency money, but that savings will be passed to the agent and ultimately the consumer.

CSI Names New Chief Legal Counsel

csimt 2010, Press Release

Jesse Laslovich has been appointed the new chief legal counsel for the Commissioner of Securities and Insurance. The announcement was made today by Commissioner Monica Lindeen. Laslovich joined the Office of the Commissioner of Securities and Insurance (CSI) in May 2009 as a staff attorney. The current chief legal counsel, Christina Goe, will be moving to general counsel to devote her time to federal and state-level health insurance reform.

Supreme Court Upholds Commissioner’s Decision against Kalispell Man

csimt 2010, Press Release, Securities

Commissioner of Securities and Insurance Monica Lindeen announced today that the Montana Supreme Court upheld the Commissioner’s Office order fining former Banker’s Life insurance agent, Martin O. Bower, $80,000 for violating the Montana Securities Act by victimizing two elderly women in northwestern Montana. In addition to the fine, the order also bans Bower from becoming licensed to sell insurance for five years, and bans him from seeking any securities registration or licensure.