Attorney General announces settlement with insurance agent and reverse mortgage broker on scheme to use elder citizens home equities to fund unsuitable insurance products.
A Mass. resident skimming premiums by insuring his rental vehicles in a rural Maine town losses his insurance coverage for nine accidents.
The Attorney General’s consent judgment bars Unified Life from deceptively selling an unapproved short-term medical policy.
Over 20 contractors around the country paid $2.2 million in ‘premiums’ for bid, payment, and performance bonds that did not exist. One of the agents involved escaped indictment but lost his insurance licenses and was fined by the DOI $3,500.
February 6, 2017 – The allegations included violations of the Massachusetts False Claims Act and the Massachusetts Independent Contractor Law.