A New Brighton insurance agent lost her license after pretending to sell an auto insurance policy that did not exist, according to an order made public by the Minnesota Department of Commerce this month.
Angela K. Poster created a fictitious certificate of insurance and wrote two letters falsely confirming insurance coverage, the department said.
When the customer got into an accident, Poster sent her a $5,000 payment from her personal account for the damages.
The license of a Plymouth insurance agent, Peter J. Cole, was suspended for at least a year after he submitted insurance applications with inaccurate Social Security numbers and other data, the state said.
Cole was fined $30,000 and must pay the state’s investigative costs of $4,450.