Kreidler Disciplines, Fines Insurance Professionals $39,000 in March
Insurance Commissioner
Insurance companies
The insurance company used incorrect rates, which were not approved by the insurance commissioner, and as a result:
* Overcharged 114 policies a total of
* Undercharged 319 policies a total of
The insurance commissioner's market conduct unit reviewed 84 policies and found that the company used incorrect fire protection class codes and incorrect rate loss codes for 22 of the policies, which affected 14 policyholders.
Agents and brokers
Ticor Title,
The business, a licensed title insurance agent, scheduled and advertised a free educational event that was not related to title insurance. It canceled the event about an hour before it was scheduled to begin. It's illegal for title agents to hold free educational events on topics that don't pertain to title insurance.
A consumer filed a complaint about Espindola, a licensed insurance producer who sold her husband a life insurance policy. The consumer said Espindola failed to ask her husband any of the health questions required for the policy. When her husband passed away, the life insurer denied to pay because the husband had a pre-existing health condition. The consumer and her husband do not speak English and relied on Espindola to translate the application into Spanish so they understood what they were buying and could properly answer the questions on the application.
The licensee failed to report an administrative action against it by the state of
Lipscomb failed to report an administrative action against his insurance producer license by the state of
Morrow failed to report an administrative action against his insurance producer license by the state of
Hamilton failed to report an administrative action against her by the state of
Paras failed to report an administrative action against him by the state of
Longworth failed to report a consent decree and a civil penalty against him by the
The insurance commissioner revoked Maxwell's insurance producer license in
The state of
The state of
Adjusters/appraisers
The company and three of its independent contractors acted as independent adjusters on behalf of
Big Block and Nilson have been conducting appraisals in
Auto Appraisal Network and
Both are ordered to cease and desist from acting as an adjuster or appraiser without being licensed by the insurance commissioner.
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For an insurance question or complaint, contact Kreidler's consumer advocates online or by phone at 800-562-6900.
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