Connecticut regulators have imposed a $74,500 fine on Harleysville Mutual Insurance Co. after a number of violations found in a market conduct exam, including 39 individuals acting as producers for the company who were not appointed to write business in the state.

The Connecticut Insurance Department found two agencies acting as producers of Harleysville Mutual who were not appointed to write business, four individuals acting as casualty adjusters without Connecticut licenses, 73 instances where claimants were not compensated for loss of use as required by state law regarding automobile liability policies, and the 39 individuals not in compliance with producer licensing.

In a final order, signed by Connecticut Insurance Commissioner Thomas R. Sullivan, Harleysville Mutual must paid the fine and submit a compliance report to regulators within 90 days of the exam closing date.

In a statement to IFAwebnews.com, Harleysville Insurance said the company “takes its responsibility for compliance with applicable law very seriously, and regrets that these issues have occurred.”

“We have been working closely with the Connecticut Insurance Department to resolve any issues that they have identified,” the company’s statement said. “Through this cooperative effort, we have implemented additional processes and procedures to insure that these same issues do not occur again.”

The department examined books and records for the Harleysville, Pa., company using a sample period of Jan. 1, 2006, through Dec. 31, 2006, based on Connecticut business only, the department said. The examination closed June 16.