Former state Sen. Eric Stewart has been charged in Franklin County, Tenn., with theft and fraud stemming from a continuing investigation into his insurance business, according to court records and officials.

Stewart was charged in a two-count indictment issued Monday with theft over $500 and committing a fraudulent insurance act during the period between Nov. 22, 2009, and Nov. 4, 2013, Franklin County Circuit Court records show.

He was released on a $5,000 bond with an arraignment set for Nov. 15.

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