From the Publisher’s Desk: | Oregon Fines GEICO Group $672,200 | Illinois Fines Principal Life $29,500 | Aug 19, 2024, Guide to Insurance Regs, Bulletins, and Legislation
Weekly snippets from the Insurance Compliance Insight (ICI) Newsletter. A weekly subscription service published by an insurance compliance professional for insurance compliance professionals!
From the Publisher’s Desk:
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Oregon Fines GEICO Group $672,200 on Total Loss Claims Violations
The Oregon Division of Financial Regulation (“Division”) entered a Final Order to Cease and Desist and Final Order Assessing Civil Penalties Entered by Consent (“Orders”) with the GEICO Casualty Company, GEICO General Insurance Company, GEICO Advantage Insurance Company, GEICO Choice Insurance Company, GEICO Secure Insurance Company, Government Employees Insurance Company, GEICO Indemnity Insurance Company, and GEICO County Mutual Insurance Company (together “GEICO Group”) on August 13, 2024.
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Illinois Fines Principal Life $29,500 in Market Conduct Exam
On August 16, 2024, the Principal Financial Group was notified that the Illinois Department of Insurance (“Department”) was closing its market conduct exam and that it and the Stipulation and Consent Order would be publicly available.
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August 12, 2024, Guide to Insurance Regulations, Bulletins, and Legislation
(Alphabetically by line of business/topic and then by state)
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