Wis. OCI Takes Action Against Companies
Wisconsin’s OCI, responsible for overseeing the operations and marketing of companies and agents in the state, has taken the following administrative actions against a number of companies:
*American Dental Plan of Wisconsin, Inc. paid a forfeiture of $1,500.00. This action was based on allegations of failing to comply with a previous examination order.
General Casualty Company of Wisconsin paid a forfeiture of $3,500.00. This action was based on allegations of failing to comply with a previous examination order.
General Casualty Company of Wisconsin paid a forfeiture of $6,500.00 and was ordered to cease an desist from nonrenewing policies because of the agent’s termination unless nonrenewal notice contains an offer to continue or renew the policy if the policyholder provides a written request. This action was based on allegations of an improper nonrenewal of an insurance policy.
Hartford Life and Annuity Insurance Company paid a forfeiture of $500.00 and was ordered to provide the information requested and reply promptly in writing in response to all inquiries from the commissioner requesting a reply. This action was based on allegations of failing to respond promptly to inquiries from OCI.
Humana Insurance Company (f/k/a/) Employers Health Insurance Company, Louisville, Ky. paid a forfeiture of $5,000.00. This action was based on allegations of failing to comply with a previous examination order.
Nationwide Assurance Company and National Casualty Company, Columbus, Ohio paid a forfeiture of $2,000.00 and were ordered to provide the requested information. This action was based on allegations of failing to comply with a previous examination order.
Regent Insurance Company, Sun Prairie, Wis. paid a forfeiture of $8,500.00. This action was based on allegations of failing to comply with a previous examination order.
Selective Insurance Company of South Carolina, Branchville, N.J. paid a forfeiture of $500.00 and was ordered to reply promptly in writing and to reply promptly to all future inquiries from the commissioner requesting a reply. This action was based on allegations of failing to respond promptly to inquiries from OCI.
UnitedHealthcare of Wisconsin, Inc. Wauwatosa, paid a forfeiture of $15,000.00 and was ordered to provide the information requested and promptly reply in writing to all future inquiries from OCI providing the information requested. This action was based on allegations of failing to respond promptly to many inquiries from OCI.
- Toyota Executive Lashes Out at US Regulations Promoting EV Sales
- Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings
- Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes
- The Rise of US Battery Energy Storage Systems and The Insurance Implications