DCBS Media Release
March 5, 2001
State suspends Grants Pass insurance agent's licenses
SALEM – The Department of Consumer and Business Services (DCBS) has suspended the insurance agents license of a Grants Pass man, David W. Holmes, and fined him $2,000 for violating the Oregon Insurance Code. DCBS also suspended the insurance license of Holmes agency, Three Rivers Financial Group (TRFG).
The suspensions run from Feb. 1 to April 30, 2001. Holmes and TRFG are prohibited from selling or servicing insurance policies while suspended.
An investigation by the Insurance Division of DCBS found that Holmes had violated state laws by:
The agencys license was suspended because Holmes was the sole proprietor and was employed as an individual licensee of the firm.