State Revokes Bond Agent's License

The insurance license of Ida Pearson Peppers of Freedom Bail Bond has been revoked. Gordon Ito, the Hawaiian Insurance Commissioner not only revoked the license, but also order Peppers to cease and desist doing business as a bail bondsman. In addition, Peppers was fined $25,000. The fine was for breaching her resident producer licensing terms. Those terms allowed her to sell surety insurance as a bail agent.

“We hope this sends a clear message to the bail bonds industry that we do not tolerate this type of fraudulent activities,” said Ito. “These are serious violations and we will continue to take action against habitual violators like Ms. Peppers.”

Peppers was accused of using fraudulent and dishonest practices while running her business. Through Freedom Bail Bond, Peppers accrued over $367,000 in six unpaid bail forfeiture judgments. The Hawaiian state insurance laws require that any producers who are acting as bail bonds agents must settle their bail forfeitures within 60 days after judgment has been made.

There are a number of additional bail forfeitures from Freedom Bail Bonds that are being investigated by the Attorney General’s office.

 

Posted on May 13, 2014 at 10:00 AM