Unfortunately for Wells Fargo's insurance practice, this is not its first offense. (Photo: AP Photo/Matt Rourke)

Wells Fargo was served with an accusation by the California Department of Insurance seeking to suspend or revoke its licenses to transact personal insurance for alleged improper insurance sales practices related to the company’s online insurance referral program.

The accusation is the result of a department investigation that found that from 2008 to 2016, Wells Fargo customers were issued approximately 1,500 insurance policies and charged premiums without their knowledge or permission.

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