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New York State
Department of Financial Services
ISSUED: April 15, 2019
NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES TAKES
DISCIPLINARY ACTIONS AGAINST LICENSEES OR REGISTRANTS UNDER THE
INSURANCE LAW
The New York State Department of Financial Services has taken disciplinary action against the
following licensees and registrants. Those categorized as stipulations or consent orders have
been agreed to by the licensee or registrant. Department actions that result from Department
hearings are subject to judicial review and possible stay of enforcement.
STIPULATIONS/CONSENT ORDERS
Region: New York
LICENSEE ADDRESS PENALTY
Gilbert L. Walton
(Agent and Broker)
2451 White Plains Road
Bronx, NY 10467
$13,500 fine
Respondent allowed Denise Michelle Jones to complete applications for State Farm
Insurance Company life insurance, applications for State Farm health insurance and an
application for State Farm renters insurance using Yanira J. Torres’s electronic identification
after Ms. Jones’s agency appointment was terminated by State Farm and Ms. Jones’s State
Farm electronic identification was deactivated. Respondent also allowed Ms. Jones to sign
his name on the aforementioned applications for life insurance as a witness to the signature
of the proposed insured. Respondent also offered to pay Ms. Torres $1,000.00 to write him a
letter stating that no misrepresentation was made on the aforementioned applications for
insurance. [Stipulation approved Februar
28, 2019.]