Cassandra G. Smith of Jefferson County, Alabama, has been convicted of first and second degree insurance fraud, the Alabama Department of Insurance announces.
The indictment charged that Smith, a licensed insurance producer doing business as GSI Grant Smith Insurance, LLC, received an initial down payment towards the victims’ annual homeowner’s insurance premium, but the policies were later canceled for non-payment of premium after Smith kept the balance of the money paid to her. Smith allegedly advised the victims their policies were active and coverage was in place despite the policies having been cancelled.
A jury rendered the unanimous verdicts Wednesday in Jefferson County Circuit Court. First-degree insurance fraud is a Class B felony and a conviction can carry a sentence of two to 20 years. Second-degree insurance fraud is a Class C felony and can carry a sentence of one to 10 years.
Sentencing is set for Nov. 30.