Everett Lidstone stepped down as manager, and Geoffrey Lidstone assumed the role of manager for the Lidstone-Varney Agency. Allstate then called the Lidstone-Varney Agency and learned that payment had been made by Brett Rioux. Allstate advised Geoffrey Lidstone to submit payment to the company. Geoffrey Lidstone never verified acceptance of the electronic application by Allstate. In June of 1998, after investigating the circumstances of Mr. Dunn's application for coverage, Allstate retroactively effectuated coverage and paid the claim.
All premiums received for Allstate business is deposited into a separate Allstate account.
Geoffrey Lidstone violated 24-A MRSA 2174, which prohibits producers from collecting premiums for insurance and failing to provide insurance. Geoffrey Lidstone violated 24-A MRSA 2178, which prohibits producers from making any misrepresentation with reference to any application for insurance. A formal hearing in this matter is waived and no appeal will be taken. This Consent Agreement is an enforceable final agency action of the Superintendent of Insurance within the meaning of the Maine Administrative Procedure Act. Proof of enrollment must be submitted at the time of Geoffrey Lidstone's execution of this Agreement, and proof of course completion must be provided within 14 days of the course completion date.