An unlicensed commercial 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 consumers in that state.
The Minnesota Department of Commerce imposed the fine on Variable Advertising and marketing, a Texas LLC, which does company below the name Immediate Insurance coverage Marketing.
The commerce department stated Variable Marketing and advertising is not licensed to sell insurance coverage in the state, nor is the firm registered to do company in Minnesota.
Variable Advertising and marketing acts a “lead generator” using automatic dialing announcing devices (robo-calls) to connect shoppers with a contact center, which then connects the consumer to an insurance agent licensed in the consumer’s state, the division stated.
It is alleged that Variable Advertising robo-known as 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 buyers relating to the insurance coverage policies had been false and misleading because the business represented themselves as acting on behalf of a government agency.
Supply: Minnesota Division of Commerce
Unlicensed Auto Insurance Robo-Caller Fined $191K by Minnesota Regulators
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