Insurance — annuity sales

By: WISCONSIN LAW JOURNAL STAFF//February 23, 2012//

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Wisconsin Court of Appeals

Civil

Insurance — annuity sales

William DeBruin appeals an order of the circuit court affirming the decision by the Commissioner of Insurance, wherein the Commissioner determined that DeBruin had engaged in misleading and deceptive sales practices in violation of Wis. Stat. § 628.34(1)(a) (2009-10), and had violated Wis. Admin. Code § INS 2.16(6) (Aug. 2010) by recommending financial investments “without reasonable grounds to believe that the recommendation is not unsuitable to the applicant.” We affirm. Not recommended for publication in the official reports.

2010AP2868 DeBruin v. Office of the Commissioner of Insurance

Dist III, Outagamie County, Metropulos, J., Sherman, J.

Attorneys: For Appellant: Morgan, Stephen L., Madison; Ogden, Brittany S., Madison; Krueger, Jennifer M., Madison; For Respondent: Hunter, Robert M., Madison

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