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October 27, 2004 at 08:00 PM
Some Georgia Agents Barred From Military Base
Washington
Commanders at Fort Benning, Ga., have restricted access or barred from the base “three or four” agents of a Hinesville, Ga., insurance agency whose license the Georgia Insurance Department wants to revoke.
Disclosure of the action by Fort Benning officials was made in a statement of facts that the department is using as the basis for its efforts to revoke the license of Associates Financial Group Inc. Some of the agents of the agency and its principal have also been prohibited from selling products underwritten by American Amicable Insurance Company of Texas since early September, according to an Oct. 8 statement of facts issued by the Georgia department.
A staff official at the department said approximately 8 or 9 agents who sold policies at Fort Benning are involved. The staff official said the agency is also seeking to lift the sales privileges of agents of Associates Financial who work at other military bases in the state.
“The actions of American Amicable were based upon the manner in which the product was marketed and sold and precipitated by the fact that the aforementioned agents had either received letters of exclusion or had privileges to solicit restricted, limited or revoked by Fort Benning for one or more violations of military regulations in the marketing and sale of insurance products,” the statement of facts says.
The department has scheduled a revocation hearing for Nov. 15 in Hinesville. The subject of the disciplinary action is Jacques Frym, the principal agent and CEO of Associates Financial Group, and Daiana Frym, who also serves as chief financial officer and secretary of the agency. Ms. Frym, Mr. Fryms wife, is an officer of the business but not a licensed agent, according to the Fryms lawyer.
The lawyer, Joe Cragan, of Morrs Manning Martin in Atlanta, has acknowledged receipt of the document. Frym is referring all requests for information to American Amicable. Cragan said, “We deny the allegations and believe they are inaccurate.” He declined further comment.
