A Marshall County couple have plead guilty to several criminal charges in connection to an investigation conducted by the Kentucky Department of Insurance’s (DOI) Division of Insurance Fraud Investigation.
Tim and Becky King, owners of Filbeck-Cann & King Funeral Home in Benton, pleaded guilty to two counts of fraudulent insurance acts (over $500), one count of theft by unlawful taking or disposition ($500-$10,000), one count of criminal possession of a forged instrument, and two misdemeanor counts of fraudulent insurance acts ($500 or less).
In February 2017, DOI began investigating allegations of life insurance policies sold as burial pre-arrangements by unlicensed individuals, and stolen premiums for those policies. The investigation revealed the funeral home had a licensed insurance agent on staff, but the Kings sold policies, forged the agent’s name on documents, and stole premiums totaling $312,783.27 on 72 policies from 2007 to 2016.
“Policyholders trusted that they would be covered during a difficult time and they were exploited. I commend the investigators of the Division of Insurance Fraud Investigation for their diligence in helping to bring justice to these families,” said DOI Commissioner Nancy G. Atkins.
DOI offers consumers the option to submit information about potential insurance fraud using the online Uniform Suspected Insurance Fraud Reporting Form. Consumers can also use DOI’s website to search for the license status of an agent or agency.
For additional information about DOI and insurance fraud, visit http://insurance.ky.gov.