A San Diego insurance agent/broker who failed to send clients’ premium funds to insurance companies, causing the victims to lose more than $150,000, has pled guilty to one count of insurance fraud and one count of grand theft, according to the California Department of Insurance.
According to Insurance Commissioner John Garamendi, Oscar Serron, 52, a former insurance agent and broker from San Diego, entered his plea following a a probe by the CDI Investigation Division of consumer complaints received during 2003 alleging that Serron committed insurance fraud involving premium theft. Serron, who entered his plea July 31, was the owner of First Preferred Insurance Services located in Oceanside, Calif.
