State regulators have suspended the license of the Erickson and Associates Insurance Agency in Iron Mountain.
The Office of Financial and Insurance Regulation found that the agency was misappropriating policyholder premiums. Their investigation also found that Bruce Erickson was continuing to do business for the company despite having his license revoked in 2010.
The agency has 20 days to appeal the license suspension, otherwise the license will be permanently revoked.
Anyone who has purchased insurance from this company should call the Office of Financial and Insurance Regulation at 1-877-999-6442 to make sure they have proper coverage.
TV6 attempted to contact the insurance agency, but the phone line was disconnected.