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Published September 03, 2010, 11:44 AM

Insurance agent to refund $66,500 to Mississippi farmers

JACKSON, Miss. — Mississippi Insurance Commissioner Mike Chaney says his office has reached an agreement with an agent to refund $66,5000 in policy fees to poultry farmers.

JACKSON, Miss. — Mississippi Insurance Commissioner Mike Chaney says his office has reached an agreement with an agent to refund $66,5000 in policy fees to poultry farmers.

Chaney said in a news release Friday that the action was taken against Indiana-based agent Timothy Allen Craig, who is licensed to do business in Mississippi.

The refund will go to 500 insured farmers and it was for inspections of poultry facilities that were never performed. Inspections of poultry facilities are generally required before insurance coverage is issued.

Chaney says Craig has also paid a $1,000 fine to the MID and his Mississippi license is on probation for 1 year.

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