Arrest made in Gulf Shores bogus insurance policy case - al.com

Arrest made in Gulf Shores bogus insurance policy case - al.com: "The owner of a Gulf Shores insurance agency that sold bogus homeowners policies to at least 118 customers will not have her state insurance sales license revoked if she pays a $36,000 fine and adopts a litany of accounting controls within 18 months, according to a ruling handed down Friday by a governmental hearing officer.

Should Pamela Wynona Schoen fail to implement the bookkeeping practices or pay the fine, which is roughly what state regulators spent to investigate her Starfish Insurance Agency, she will, according to the order, lose her sales license and face an additional $236,000 in fines — $2,000 for every fake policy her firm is known to have sold."