Indiana Department of Insurance warns Hoosiers to beware of fake insurance

INDIANAPOLIS – Indiana Department of Insurance Commissioner Stephen W. Robertson issued a cease and desist order against Assurance Protection Group (aka APG, Corp) on Friday, April 6.

The company is ordered to cease and desist from selling, soliciting, and negotiating insurance in Indiana without a license. It was found that the company does not hold a certificate of authority, producer’s license or any other authorization from the Department to engage in the business of insurance in Indiana.

A complaint was recently filed with the department against Assurance Protection Group by an Indiana consumer who alleged to have purchased automobile insurance from the company. The consumer had found a number to call through an internet search for low automobile insurance rates. When called, the consumer was referred to the Assurance Protection Group to purchase an insurance policy. When a loss was subsequently suffered due to a collision and the consumer attempted to make an insurance claim, the company was found to be unreachable and the policy fraudulent.

If you are unsure about an insurance company or agent, stop before signing any paperwork or issuing payment; call the Indiana Department of Insurance Licensing Division or go online to check licensing information; and confirm the company or agent offering insurance is legitimate and licensed to sell insurance in the state.

About Indiana Department of Insurance

The Indiana Department of Insurance (IDOI) protects Indiana’s insurance consumers by monitoring and regulating the financial strengths and market conduct activities of insurance companies and agents. The IDOI monitors insurance companies and agents for compliance with state laws to protect consumers and to offer them the best array of insurance products available. The IDOI also assists Hoosiers with insurance questions and provides guidance in understanding how insurance policies work.

Source: http://www.elkharttruth.com/news/indiana-department-of-insurance-warns-hoosiers-to-beware-of-fake/article_318d1a46-b93b-5887-af84-4781e6e81524.html