If an insurance agent collects the initial premium and deposits the check into his personal account, what crime has been committed?

By depositing the premium into his personal account, the insurance agent has committed fraud because he has deceived the insurance company and their policyholder by not properly handling the premium. Theft and embezzlement involve taking property without permission, while forgery involves falsifying or altering a document. While technically the agent has stolen the premium by keeping it for himself, the specific crime of theft may not apply in this situation.