by Guest » Sat Jul 07, 2012 02:42 am
we are in CA and we have a relative of the seller of the business that we just purchased that went down the street and opened a competing business using the family name in her business name, and also took some of the employees. This is an insurance business in both cases. She has recently been charged and arrested by the state of CA for a different business (environmental) Her and her husband now have criminal and civil charges against them from the state. Damages estimated by the state are over $1M. I want to let the insurance commissioner know of the charges. 1. what is the best way to do this? 2. do I have any exposure for "blowing the whistle"? 3. Will they suspend or revoke her license? 4. She is using the name we purchased and now she has "tarnished" the name, do we have any recourse?
Posted: Thu Jul 19, 2012 08:01 am Post Subject:
In California, the Insurance Commissioner must approve all fictitious business names prior to their use. The Commissioner cannot disapprove the use of a person's own name.
Violations may be reported to the Dept of Insurance at 1-800-927-HELP.
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