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DEPT. OF INS. v. UNIVERSAL BROKERAGE CORP.

303 N.J. Super. 405 (1997)

DEPARTMENT OF INSURANCE, STATE OF NEW JERSEY, PETITIONER-RESPONDENT, v. UNIVERSAL BROKERAGE CORPORATION AND CHRIS AXENTIOU, ITS ACTIVE OFFICER, RESPONDENTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided June 10, 1997.

Attorney(s) appearing for the Case

Belsole and Kurnos, attorneys for appellants (Kevin Weinman, on the brief).

Peter Verniero, Attorney General, attorney for respondent (Mary C. Jacobson, Assistant Attorney General, of counsel; Josh Lichtblau, Deputy Attorney General, on the brief).

Mark F. Hughes, Jr., attorney for respondent/intervenor Greater New York Mutual Insurance Company (Mark F. Hughes, III, on the brief).

Before Judges KIMMELMAN and BILDER.

The opinion of the court was delivered by KIMMELMAN, J.A.D.

This is an appeal by an insurance agency, Universal Brokerage Corporation, a licensed resident insurance producer organization, and its president and sole officer, Chris Axentiou, a licensed resident insurance producer, from a final administrative decision of the Commissioner of Insurance. The final decision revoked their licenses, ordered restitution, and imposed costs and penalties upon findings that appellants...

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