Diamond v. Department of Insurance

INTRODUCTION

This appeal presents our first opportunity to consider the Insurance Producers Licensing Act. 1 Addressing the regulatory effect of a consent judgment previously entered against Mark Diamond, a licensed insurance producer, the Nebraska Department of Insurance determined that he had violated three provisions of the act and imposed an administrative fine. On review, 2 the district court upheld the department's order. On appeal to this court, he contests only one violation-arguing that his confession of liability in the consent judgment did not "admit[ ]" to "fraud" within the…