IFAwebnews » fine

GEICO to refund $7.5 million, pay $100,000 fine for Wash. overcharges

Bob Graham — Thu, 22 Dec 2011 14:47:35 +0000

GEICO was fined $100,000 by Washington State officials and ordered to refund about $7.5 million in overcharges to thousands of its customers in the state.

GEICO to refund $7.5 million, pay $100,000 fine for Wash. overcharges via IFAwebnews.

Pennsylvania insurance agent’s license revoked, must pay $23,000

IFAwebnews Staff — Sun, 06 Feb 2011 17:55:20 +0000

An insurance agent had his license revoked for receiving commissions under the guise of financial planning and four other violations of Pennsylvania laws, according to the Pennsylvania Insurance Department.

Pennsylvania insurance agent’s license revoked, must pay $23,000 via IFAwebnews.

Three auto insurers pay $100,000 in fines, restitution in Maryland

Bob Graham — Mon, 04 Jan 2010 12:55:27 +0000

Three affiliated auto insurance companies paid more than $100,000 in fines and restitution after Maryland regulators found they improperly handled premium increase notifications.

Three auto insurers pay $100,000 in fines, restitution in Maryland via IFAwebnews.

FINRA fines, sanctions Virginia man over $67,000 loan from customer

Bob Graham — Fri, 09 Oct 2009 10:35:23 +0000

A registered representative from Richmond, Va., was fined $5,000 by FINRA for violating the organization and his member firm’s rules with a customer loan.

FINRA fines, sanctions Virginia man over $67,000 loan from customer via IFAwebnews.

La. life agent accused of misappropriation, forgery and unlicensed work

Keith L. Martin — Tue, 06 Oct 2009 11:09:44 +0000

A Lake Charles, La., insurance agent must stop his work immediately and pay a $1,000 fine after numerous allegations by the state’s insurance department.

La. life agent accused of misappropriation, forgery and unlicensed work via IFAwebnews.

FINRA fines Ohio woman for pasting client’s signature on rollover form

Bob Graham — Thu, 03 Sep 2009 11:10:40 +0000

An Ohio woman paid a $5,000 fine for pasting a client’s signature from a rollover form onto a new application for a variable annuity, according to FINRA records.

The woman, Debra ... Read →

FINRA fines Ohio woman for pasting client’s signature on rollover form via IFAwebnews.

Insurer loses battle, pays $125,000 fine in Maryland

Bob Graham — Tue, 11 Aug 2009 10:45:52 +0000

An insurance company in Philadelphia, Pa., paid a $125,000 fine to Maryland regulators after a four-month battle over a policyholder in Rockville, Md.

The Maryland Insurance Administration received a complaint last ... Read →

Insurer loses battle, pays $125,000 fine in Maryland via IFAwebnews.