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March 5, 1993 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Insurance Commissioner John Garamendi on Thursday moved to revoke the licenses of three brokerages that allegedly acted as funnels for millions of dollars' worth of questionable insurance sold to Californians by financially shaky offshore carriers. The brokerages are accused of allowing brokers' signatures to literally be rubber-stamped onto policies that otherwise couldn't be sold in California. Accused are Toma Surplus Lines Insurance Brokers Inc. of Marina del Rey and its principals, John D.
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BUSINESS
March 5, 1993 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Insurance Commissioner John Garamendi on Thursday moved to revoke the licenses of three brokerages that allegedly acted as funnels for millions of dollars' worth of questionable insurance sold to Californians by financially shaky offshore carriers. The brokerages are accused of allowing brokers' signatures to literally be rubber-stamped onto policies that otherwise couldn't be sold in California. Accused are Toma Surplus Lines Insurance Brokers Inc. of Marina del Rey and its principals, John D.
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