News: 2009 Press Release
For Release: November 2, 2009
Media Calls Only: 916-492-3566
Insurance Commissioner Poizner Revokes Licenses of Elk Grove Agent for Taking Advantage of Seniors
Insurance Commissioner Steve Poizner today announced that his office has revoked the licenses of Bruno Meteyry, 46, of Elk Grove, for engaging in prohibited pretext interviews and other unfair and improper practices aimed at seniors.
"Targeting and scamming seniors is especially despicable," said Commissioner Poizner. "We will continue to find these people and punish them."
In a CDI hearing, Meteyry was found to have contacted senior citizens and arranged appointments in their homes for the purpose of reviewing and updating their living trust documents, an area in which he had no expertise. It was determined that his real purpose was to sell annuities. That conduct is specifically prohibited by the Insurance Code.
Meteyry also was found to have misrepresented the terms of the annuity policies he was selling, failing to provide advance notice to seniors as required by the Insurance Code and making false statements regarding the financial condition of his prospective clients' existing insurance companies.
Meteyry had been licensed by CDI since 1997 to sell life, accident and health insurance. The revocation becomes effective Nov. 23, 2009.
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