CAL INS $1mn Insurance Scam

On Sep. 25, CAL INS announced arrest of broker re false policy.


  • Peter Muh Kim and wife Jin Kim, charged for $1mn joint life insurance scam.
  • Three felony counts each of grand theft, and three further of insurance fraud.
  • Peter Kim, a licensed insurance agent, allegedly sold two policies to his wife.

Alleged Violations

  • P Kim sold two policies, to J Kim, and listed her as both niece and beneficiary.
  • During same time, J Kim bought another life insurance policy for same person.
  • Falsely listed herself as sister and beneficiary of insured, Kims misrepresented
    that Jin Kim related to insured, in order to show insurable interest on policies.
  • The Kims also did not disclose, the insured had diagnosis of a terminal illness.
  • Person passed away in 2014, and insurance companies paid J Kim over $1mn.


  • P Kim is currently booked at the Inmate Reception Center in Los Angeles while
    J Kim is booked at Lynwood County Jail, had bail set at $460k for each of them.