Effective Jan. 3, the Idaho Department of Insurance revoked the insurance producer license of Alan Ralph Gurney and A RALPH GURNEY AGENCY, INC. for violations of the Idaho Insurance Code.
Gurney, a licensed insurance agent from Emmett, admitted to identifying himself as the primary beneficiary of the life insurance policy of his client and falsely identifying himself as the spouse/domestic partner when no such relationship existed. This is in violation of Idaho Code 41-1016(1)(h). Gurney also admitted to falsely reporting to National Western Life that the same client’s proposed annuity would not replace an existing annuity, which is in violation of Idaho Code 41-1016(1)(e).
“The Department does not tolerate misconduct by licensed agents,” said Director Dean Cameron.
In addition, Gurney’s was fined an administrative penalty of $1,000.