Former Calif. Broker Goes to Jail

Former Vallejo, California insurance broker Jimmie Earl Jackson, 58, who pled guilty to felony grand theft in Solano County Superior Court Thursday, was sentenced to 180 days in County Jail and ordered to serve three years of formal probation. Jackson must begin serving his jail term within 30 days. A restitution hearing is to be scheduled for June.

As a result of a joint investigation by the California Department of Insurance (CDI) Investigation Division and the Vallejo Police Department, Jackson was charged with grand theft by embezzlement, embezzlement of property of an elder adult, and an Insurance Code violation for transacting insurance without a license.

In April 2003, the Vallejo Police Department discovered that Jackson, though reportedly no longer licensed by CDI, continued to sell insurance from his Jaxon Insurance Services office on Georgia Street. CDI Investigators later that month served a search warrant on that location.

CDI had revoked Jackson’s insurance license in September 2001 for accepting premium money from a client and failing to obtain a valid insurance policy. During the course of the investigation it was learned that one Vallejo resident paid Jackson more than $700 dollars for a homeowner’s policy in June of 2002. Jackson reportedly cashed the client’s check and gave the client a bogus insurance certificate as proof of coverage.

In October 2002, a fire caused more than $50,000 dollars in damage to the client’s property. Investigators determined the policy number on the insurance certificate was phony and that no insurance company had ever received any premium money from Jackson.