The California Division of Insurance coverage is urging enterprise homeowners to confirm the insurance coverage protection for any subcontractor or vendor they do enterprise with after trucking firm proprietor and operator Raymond Youash, 37, of Encino, appeared in courtroom on 30 felony counts of unauthorized use of non-public figuring out info and forgery.
The costs comply with a CDI investigation, which discovered Youash allegedly created and distributed fraudulent insurance coverage documentation to the companies that employed him. The division launched the investigation towards Youash after receiving a criticism from an insurance coverage dealer, discovering that for practically a 12 months, Youash created a minimum of 13 fraudulent certificates of insurance coverage and submitted them to 12 completely different employers and/or potential employers. Every of the fraudulent certificates contained solid signatures of licensed insurance coverage brokers in addition to false info relating to insurance coverage protection.
Youash allegedly created and submitted the fraudulent insurance coverage certificates to deceive companies into believing he had the correct insurance coverage protection as required by legislation, put these companies susceptible to nice monetary loss.
Youash appeared in courtroom for a preliminary listening to. This case is being prosecuted by the Los Angeles County District Legal professional’s Workplace.
Was this text helpful?
Listed below are extra articles you might get pleasure from.
An important insurance coverage information,in your inbox each enterprise day.
Get the insurance coverage business’s trusted e-newsletter