Montana court upholds penalties on insurance agent

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By The Associated Press

Story Published: Feb 5, 2010 at 9:16 AM MST

Story Updated: Feb 5, 2010 at 9:16 AM MST

KALISPELL - The Montana Supreme Court has upheld an $80,000 fine against a former Bankers Life and Casualty Co. agent in Troy who defrauded two elderly women.

The court affirmed the penalties imposed on Martin O. Bower in a news release recently issued by Commissioner of Securities and Insurance Monica Lindeen.

The Commissioner's Office fined Bower $80,000 for violating the Montana Securities Act and banned him from becoming licensed to sell insurance for five years.

The agency also prohibited Bower from seeking any securities registration or a license.

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Mrgantz said on Friday, Feb 5 at 2:26 PM

If only Lindeen and Walt Schweitzer would uphold the law in their own office.

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