SACRAMENTO - A Palos Verdes company and its operators will pay $200,000 in fines for posing as insurance claims adjusters after the Angora fire in South Lake Tahoe last summer.

Insurance Commissioner Steve Poizner says Paramount Disaster Recovery also agreed to pay the state $75,000 in litigation costs.

Steve Slepcevic, 39, of Palos Verdes, and Matthew Todd, 48, and Charlie Rose, 43, both of Redondo Beach, were ordered to cease and desist operations in August.

Poizner's office said they acted as certified public insurance adjusters and signed contracts with Tahoe-area fire victims.

Some agreed to have Paramount perform any needed repair work, or pay as much as 20 percent of any insurance settlement if the homeowners used another company.

The Paramount operators were not licensed by the state.