Montana’s Commissioner of Securities and Insurance has proposed up to $75,000 in combined fines and the revocation of two insurance producer licenses following allegations of unlicensed insurance sales, unauthorized use of employee credentials and failures to report suspected fraud at Stockman Insurance.
The regulator issued a Notice of Proposed Agency Action on November 5, 2026, naming several individuals connected to the alleged misconduct.
- Montana regulators allege Miroslava Medina sold, solicited or negotiated insurance without a license between August 2019 and October 2025.
- The state is seeking combined fines of up to $75,000, including $30,000 against Beth Disney, $20,000 against Klint Keith and $25,000 against Medina.
- Insurance license revocations are proposed for Disney and Keith, while three other employees could receive warning letters. The penalties have not been imposed.
Montana alleges unlicensed insurance sales over six years
According to the regulatory notice, Miroslava Medina allegedly conducted insurance transactions in Montana without holding the required producer license.
The alleged activity continued from August 2019 through October 2025 and involved preparing insurance quotations, issuing policies and communicating with customers.
Investigators also allege Medina used another employee’s login credentials, email account, electronic signature or National Producer Number without authorization.
These credentials reportedly enabled her to perform insurance-related activities through systems associated with licensed employees.
The allegations raise questions about internal controls governing producer licensing, access to customer information and authorization of insurance transactions.
Stockman Insurance supervisors accused of failing to report suspected fraud
The notice alleges that Stockman Insurance employees repeatedly alerted supervisors to concerns about Medina’s activities.
Despite those reports, several supervisors allegedly failed to notify regulators about suspected fraud and continued accepting insurance business generated by Medina.
The allegations against Beth Disney include claims that she supervised an award ceremony recognizing Medina’s insurance work.
Regulators also accuse Disney of providing inaccurate information to a state investigator about whether Medina had engaged in selling, soliciting or negotiating insurance.
The regulator’s proposed action concerns individual conduct and supervisory responsibilities within the insurance business.
Proposed fines and insurance license penalties
The Montana Commissioner of Securities and Insurance is seeking the following administrative sanctions:
| Individual | Proposed penalty |
|---|---|
| Beth Disney | Up to $30,000 fine and insurance license revocation |
| Klint Keith | Up to $20,000 fine and insurance license revocation |
| Miroslava Medina | Up to $25,000 fine |
| Casey McGowan | Warning letter |
| Marcy Parks | Warning letter |
| Britney Grutkowski | Warning letter |
| Total proposed fines | Up to $75,000 |
The proposed sanctions reflect the regulator’s allegations concerning unlicensed activity, supervisory oversight and reporting obligations. They do not constitute final findings of misconduct.
Stockman Insurance may request an administrative hearing
The November 5 notice provides an opportunity to contest the allegations through an administrative hearing.
According to the notice, Stockman Insurance may request a hearing within 24 days of its issuance. If no timely request is submitted, the commissioner may enter a default order imposing the proposed administrative action.
The case remains at the proposed enforcement stage. No final determination of liability, license revocation or monetary penalty has been established.
The proceeding highlights regulatory expectations that insurance businesses verify producer licensing, control access to insurance systems and report suspected fraudulent activities.
