A longtime Macon insurance agent has surrendered his license to sell insurance, months after his arrest on criminal fraud charges.
In a document finalized Monday, Charles W. O’Neal, 71, voluntarily gave up his license to work in Georgia.
He’s charged with defrauding people who bought surety bonds, a kind of agreement that guarantees that one party will fulfill a contract with another. But state insurance investigators allege that he’s the one who didn’t fulfill contracts. They accuse him of keeping customers’ money and not setting up the policies.
Reached by phone, O’Neal declined to comment on the case. “I can’t talk about that right now,” he said.
In July, O’Neal spent less than a day in the Macon-Bibb lockup when he turned himself in on two counts of insurance fraud and one count of theft by deception. According to the sheriff’s office, O’Neal had a bond of $71,700.
He has not been indicted. A grand jury has yet to hear the case against him.
The consent order formalized Monday with the Office of the Commissioner of Insurance came just days ahead of a scheduled administrative hearing on O’Neal’s professional status.
O’Neal first got a license to work in the Georgia insurance industry in 1978, according to state records.
“The Georgia Department of Insurance urges anyone who purchased insurance from O'Neal to contact the insurance company listed on their policy to verify coverage,” department spokesman Glenn Allen said in a written statement.
If the customer never received a policy, he said, they should call the department at 800-656-2298.
Maggie Lee: @maggie_a_lee