An unlicensed industrial entity has been ordered by Minnesota commerce regulators to spend $ 191,185 in civil penalties for generating quite a few fraudulent and unlicensed auto insurance coverage solicitations to buyers in that state.
The Minnesota Division of Commerce imposed the fine on Variable Marketing, a Texas LLC, which does company below the name Immediate Insurance Marketing.
The commerce department stated Variable Marketing is not licensed to sell insurance coverage in the state, nor is the company registered to do company in Minnesota.
Variable Advertising and marketing acts a “lead generator” utilizing automatic dialing announcing devices (robo-calls) to connect consumers with a contact center, which then connects the customer to an insurance coverage agent licensed in the consumer’s state, the division stated.
It is alleged that Variable Advertising and marketing robo-named 38,237 Minnesota residents in an try to sell insurance coverage.
Regulators also assert that in addition to engaging in unlicensed activity, the communications to Minnesota shoppers regarding the insurance coverage policies have been false and misleading since the organization represented themselves as acting on behalf of a government agency.
Supply: Minnesota Department of Commerce
Unlicensed Auto Insurance coverage Robo-Caller Fined $191K by Minnesota Regulators
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