Home Forums Hunting & Shooting Hunter's Campfire Survival Arms AR-7 emergency/"survival" .22 reclamation project.

"On 7/1/10, the director issued a notice of proposed action proposing to revoke the
Oregon nonresident individual insurance producer license issued to the party. The
director proposed to take that action because the director had reason to believe that
the party violated (1) Oregon Administrative Rules (OAR) 836-080-0090 in three
instances by recommending that a person who resided in Oregon purchase an
annuity that was unsuitable for the person, (2) ORS 746.100 in two instances by
making a false or fraudulent statement or representation on or relative to an
application for insurance, and (3) ORS 731.296 in three instances by failing to
promptly or truthfully respond to an inquiry from the director."

http://www.cbs.state.or.us/ins/admin_actions/actions_2011/producer_2011/10-02-005.pdf

Ruh Roh.

Who'd've thunk this would go south?

http://www.cbs.state.or.us/ins/admin_actions/actions_2011/producer_2011/10-02-005-p.pdf


The evidence has demonstrated that Mr. Claiborne
committed multiple violations of insurance laws in connection with the sale of annuities. Most
significantly, despite his knowledge of the requirement that he attempt to ascertain whether the
sale of an annuity was not unsuitable, Mr. Claiborne, on at least three occasions, recommended
the sale of annuities to elderly individuals without a meaningful assessment of their economic
circumstances. With regard to Ms. Holmes, Mr. Claiborne recommended the sale of an annuity
Page 28 of 30 Amended Proposed Order, Claiborne, Case No. INS 10-02-005
that resulted in an immediate loss of more than $2,000 and the potential for future lost interest
payments. With regard to the Woods, Mr. Claiborne recommended the sale of an annuity despite
having almost no information regarding the Woods‟s savings and investments. When Bankers
Life questioned the suitability of the investment, Mr. Claiborne altered a form which Mr. Wood
had previously signed as being accurate. When confronted about changes to the document, Mr.
Claiborne gave conflicting and increasingly self-serving answers.
With regard to the Holloway transaction, Mr. Claiborne recommended the sale of an
annuity that he knew would be funded primarily through the surrender of a variable annuity and
actively assisted Mr. Holloway in discussions with Prudential to secure the necessary forms
needed to complete the transaction. Mr. Claiborne made this recommendation despite the fact he
had never read the policy nor understood its unique and advantageous features for Mr. Holloway.
Despite his knowledge, Mr. Claiborne falsely indicated on Mr. Holloway‟s application that he
was not replacing an existing annuity, and did not plan on doing so. Mr. Claiborne offered no
reasonable explanation for his conduct, but falsely asserted that he was not aware of Mr.
Holloway‟s decision to surrender the Prudential annuity.
The evidence also established that Mr. Claiborne made false statements, as well as an
untimely response to the Division, including statements under oath, in an attempt to shield
himself from liability for his conduct. His statements to investigators were often self-serving,
contradictory, and contrary to all other available evidence. Given those false statements, the
Division can have no assurance that Mr. Claiborne will fully cooperate with any future
investigations that might arise. Mr. Claiborne has thus demonstrated a willingness to deceive
other insurance companies, the Division, and most importantly, the consumers, to serve his own
interests. Because the Division cannot rely on Mr. Claiborne to tell the truth, its ability to
effectively regulate his conduct to protect consumers in the future will be severely restricted.
Given the evidence in this matter, the ALJ concluded that the appropriate sanction is
revocation. ORS 744.074(1) allows the Division to revoke Mr. Claiborne‟s license. The
Division takes seriously its responsibility to protect the public from unscrupulous licensees. Mr.
Claiborne‟s license has already been suspended once for similar misconduct. (Ex. A1.) Given
his prior discipline and level of misconduct at issue here, the Division finds that the only
appropriate sanction is the revocation2
of Mr. Claiborne‟s license.

No, the buff hunt went great. Parts of that hunt are on my marketing video. When a couple of guys went back without me for Elephant the outfitter messed them up even though they got Elephants. I am still good freinds with Model70 guy who was on both trips. And we hope to hunt Africa together soon again.

Never, ever knowingly harmed a person for financial gain and I have lots of freinds still from my career who are praying for me while I am back up here at Virginia Mason. I got a how are you and get well call from one couple who have about ten Bankers Life annuities and are happy with them AND me. I have a lifelong invitation to hunt on the land they own in Wallowa county.

Would write some more, and I may do a whole thread about my careers in Insurance and hunting, but I am do to check in for my Biopsy (fairly minor surgery but scary for other reasons) in one hour so bye for now. And in the Ruger Charger deal I still know that I made the right decision to not refund for my reasons stated. Feel free to look for another tree to bark up, though. we know what kind of mammal barks up trees all the time.

A cat?




Dave

Right on cue..



On 10/27/11, the director received from the party an e-mail reasserting the
party’s previous exceptions and urging the director to not revoke his expired license,
but merely allow his license to remain expired. The party argued that the party (1)
has not been transacting insurance in Oregon for some time, (2) is not licensed in
Oregon, (3) does not represent Bankers Life and Casualty Company, the insurer
that he represented in the course of engaging in the misconduct, (4) is planning to
move from Walla Walla Washington to Elko Nevada, and (5) has poor health which
may prevent him from working anywhere again. The director is not persuaded by
any of these arguments that the director must or should take any different action
than initially proposed

Deleted text

safariman (Member #8086)
User
Registered On: 06/18/05 07:30 PM
Last Online: 13 minutes 33 seconds ago

yep just got back to my room.

so nice to know that you care!

The saddest part to me is that with each and every train wreck like thread the shyster has a hand in, despite the glaring, incontrovertible and documented violations of professional conduct and the continuous obvious, flat-out lies stacked like so much cord wood he spews, so many here absolutely simply refuse to see the man for what he is. P.T. Barnum was so right.

Well, he loves God, and his cousin seems to like him.

I just want a picture of the RV park/recovery center.



Travis

Nice. I was a bit surprised seeing what you posted.

African hunt for buffalo? in a word: GREEN

There is so much false in there it's ridiculous.

Your violations were not for that alone, as there were multiple and the reasons were cited in the cases put in this thread.

Bankers Life & Casualty, should anyone wish to look them up, is one of - if not THE - worst company out there for scamming old people and having insurance agents (who are NOT licensed to deal with or even review securities) push annuities on clients regardless of fit or compliance.

The "indexed annuities" referenced did not and do not return 15%. The calculus that goes into those indexes is guaranteed to trail the market by a considerable rate, and won't get close to 15%. There are also hefty penalties for withdrawals or cancellation of the contract; and the company has been sued multiple times for fraudulent placement of those "products". Their fixed rate annuities do not touch 4% currently, either. That's easily verified by contacting any local "Conseco/Banker's Life" office (yep, part of the Conseco family of businesses now, and that reputation carries).

The daughter was dealing with the estate of her mother and rightfully went to a LICENSED financial adviser to discuss what had happened to her mother's investments. That's when your ball of wax started to melt.

I didn't know Mark guided safari's.

He booked them, he was (is) not a PH. What year was that buffalo safari anyway, Mark?

You never read the safari thread?

Oh man... That schit was epic with some uber sprinkled on top.




Travis