Ky. doi discovered bogus’ self-Bonds are sold as a substitute for auto insurance
According to the Kentucky Office of Insurance in Frankfort, Washington State fictitious company in the distribution Kentuckians’ self-borrowing, “The assertion that the viable substitute for compulsory motor insurance. The practice was discovered after an employee of a lending institution contacted Louisville KOI.
The comprehensive treatment of the company, owned by Joseph-Michel Gardinier, offers a wide variety of products on its website to those who pay a membership fee. For an annual payment of $ 300, buyers are marked with an “agreement of financial responsibility,” says the buyer is acting as a substitute for auto insurance. Under the conditions of the loan, the group promises door automatic rights of a member. Loans can not be sold, as “self-Bond” or “Community Financial Bond.”
The regulatory authorities in other countries have strained the group is not allowed, free of rights and distribution of insurance fraud. In June, the Florida Public Prosecutor-General Office and Gardinier treatment overall $ 550000 fines and restitution to consumers. Other states, including Nevada, Oregon, Montana and Washington have taken steps against the group.
“We take a look very bleak for operations like this,” Glenn Jennings, said the executive director of KOI. “We urge consumers to contact us to check the status of each organization of advertising for insurance in conjunction with headquarters in that state. Our employees are also questions about products, as what seems uncertain.”
Kentucky residents have purchased these products are urged to call KOI’s toll-free number (800) 595-6053 and ask for an interview with Christopher Barton in the Office of Legal Services.
Related Articles
Fort mental health to retire with leading critics of respect
HELENA - for a man who has overseen one of bold experiments - and the biggest meltdowns - Dan Anderson has remarkably few enemies. Even those who have policies or wars with emotional Anderson Montana's turbulent on the mental health system, rather than say something nice about it. "I think it is
RBC Mortgage behalf regional directors for Rocky Mountain, North-South-West and Central regions
CHICAGO - RBC Mortgage Company, a leading nation housing credits, announced today that it has designated as a zone of Lynette Green Regional Manager for its Rocky Mountain region, Charles (Chuck) Johnson as Director Regional for its North Central region and Michael (Mike) Leech as regional director for the region
Six races for public insurance commissioners
Achieving the appropriate regulatory balance between protecting consumers and insurers on the regulation of business practices is a major campaign theme of candidates in six states, seeks the Office of the High-Versicherungs-regulator. On November 7, voters chose early regulators of insurance markets four years in Delaware, Montana, North Carolina, North Dakota
Mortgage Manager promotions, appointments & New posts
Joseph R. Ficalora, President and CEO of the New York Community Bancorp Inc., Westbury, NY, and Francine Justa, executive director of the economics of apartment in New York City, both received awards on 30 annual New York and the National Housing Award Luncheon conference. Ms. Justa received the Lifetime Achievement
Montana inks Small Business Health Insurance Contract
Montana sealed a deal with the state's largest insurer Thursday good group coverage for small businesses, which are in a new pool of insurance. The pool is part of a $ 13 million program called "sure-Montana" and aims to contribute to Montanans lack health insurance. One person in five does not
Your breakfast, our business
Did you hear, asked my parents, by the English, who had to leave his wife behind, he moved to New Zealand because it was too difficult? No joke - New Zealanders really ask if you are obese. My parents know, because she and her husband to move there for a while.
Economy & Business Insurance
If a woman to pay the same prices that the assurances of a man? Insurance companies have long insisted that, on average, because women live longer than men, a portion of their payments should be higher, and some of their benefits below. But many feminists argue that such a pricing
Title Assekuranz loses anti-trust ruling
The Supreme Court today decided that tolerance by the authorities in price fixing by the title of ensuring the economy is not shield title insurance companies the responsibility of the Confederation of antitrust rules. The 6-to-3 überhört a decision by a lesser judgement of the Court of Justice has ruled that
Independent Record, Helena, Mont, business-case column
SARAH Bryce, an associate registration with the office of DA Davidson Helena, it was financial advisor. In addition, it will continue to assume their responsibilities as a manager for Helena. Bryce joined the company in 2001. She holds a Bachelor's Degree in Business Administration and also maintains Series 7 and 66
According happy after a quarter century of Canaan Construction
Ray Sr. Suiter moved to Hawaii with a Toyota truck and some hand tools and by the year 1978, he founded the construction and decoration of Canaan. "We started very low. Has there been, I think, three or four of us, and I really started to decorating business," he said. He earned