Filed Under:Annuities, Suitability

Glenn Neasham's insurance license renewed

Glenn Neasham told ProducersWEB that he received a phone call this morning from Vicki Lyman, head of licensing with the California Department of Insurance, informing him that his insurance license will be renewed today. 

In October 2013, the Court of Appeal of the State of California, First Appellate District, Division Three, reversed the verdict handed down in October 2011 in Lake County, California. The controversial case revolved around Neasham’s sale of an annuity to then 83-year-old Fran Schuber, who was later found to be suffering from dementia. 

In November of last year, the California Attorney General office requested the state’s Supreme Court review the Appellate Court’s decision overturning the conviction of Glenn Neasham on theft from an elder. While this situation is ongoing, Neasham told ProducersWEB that,"We will have an answer on this no later than February 11th, 2014." 

See also:

Neasham case review: Is this California or Russia?

Questions we should ask about the Neasham case

California AG asks for review of Neasham reversal

Originally published on ProducersWeb. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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