Illinois Department of Insurance Disciplinary Report for November 2011
CHICAGO – The Illinois Department of Insurance announced today the following disciplinary orders:
• Sherri Ellen Granat, Oak Lawn - Stipulation and Consent Order issued regarding the insurance producer license effective October 17, 2011. Ms. Granat has been licensed to sell casualty and fire insurance since February 6, 2009. The Stipulation and Consent Order, which includes a $1,000 civil forfeiture and corrective orders, alleges that Ms. Granat engaged in untrustworthy behavior with an insurance consumer.
• Paul R. Schultz, Vernon Hills - Stipulation and Consent Order issued regarding the insurance producer license effective October 21, 2011. Mr. Schultz has been licensed since August 5, 1986 to sell life, health, casualty, and fire insurance. The Stipulation and Consent Order, which includes a $2,000 civil forfeiture and corrective orders, alleges that Mr. Schultz misrepresented a consumer’s information on an application to the insurer for automobile insurance.
• Tiffany Lynn Lewis, Dallas, TX - Insurance producer license revoked effective October 18, 2011. Ms. Lewis had been licensed to sell health insurance since October 4, 2010. Ms. Lewis’ license was revoked after an investigation revealed failure to disclose a felony conviction of ‘Misapplication of Fiduciary Property’ on her initial license application and failure to respond to department inquiries. Ms. Lewis’ license has been revoked in Oklahoma, Idaho and Arkansas as well. The revocation includes a $20,000 civil penalty.
• Ross A. Brady, Orland Park - Insurance producer license revoked effective November 23, 2011. Mr. Brady was licensed to sell fire, life, health and casualty insurance since April 19, 2010. His license was revoked as a result of an investigation, which revealed a 2007 felony conviction of criminal trespass to residence and failure to reveal the felony on her license application. The revocation included a $2,000 civil penalty.
No Auto Insurance Penalty - News
The license was revoked as a result of an investigation which revealed that Ms. Mital wrote five separate life insurance policies without the consumers' consent or knowledge; kept personal auto insurance in force without making payments;
About one-third of all POA fines are not paid, according to the white paper. Onethird of those fines are related to the Highway Traffic Act, while another one-third are related to the Compulsory Auto Insurance Act. About 91% of fine defaulters reside
January 05, 2012 /24-7PressRelease/ -- Most states require minimum levels of auto insurance coverage and impose penalties on drivers who fail to comply with those laws. Louisiana law only requires liability insurance, but drivers can decide whether
In some, such as Pennsylvania, the punishment amounts to a $50 fine and no moving-violation points added to the offender's driving record. The lack of points means insurers likely would not be made aware of the offense. Meanwhile, other states-such as
"Restricting legitimate choices for vehicle repair does not protect West Virginia consumers. Rather, restricting access to recycled/salvaged parts creates a monopolistic market, inflating the cost of vehicle repair and increasing insurance premiums,"
Implications Of Picking Up Speeding Penalties On Auto Insurance ...
Getting a traffic penalty is quite aggravating even though almost all motorists recognize the triggers for it. The effects of traffic fines on auto insurance quotes will be seen immediately and a few years more. Companies continue perfecting their quote calculation solutions to evaluate the risks healthier. It lets them to take into consideration all the things that assists in evaluating of risks related to drivers. Whenever vehicle operators overlook traffic regulations the potential risk of a crash rises. This is the reason a present company can increase the rate with immediate effect.
Typically quote formulas rely on figures on many variables associated with automobile insurance. Studies show that drivers with traffic tickets have a high potential for resulting in a crash. Hence many companies will organize a point system to work out the significance of every speeding ticket. Almost all drivers are likely to go just a bit over the restrictions that may not significantly raise the rates. However abnormal speeding will have outcomes of raising the quotes substantially. It is a clear clue of a speed craze. Everyone will concur that this sort of uncaring conduct should be wiped out.
Auto insurance terms mandate policyholders to tell providers of any important alterations in their situations. Definitely a traffic breach is a significant element impacting on your automobile insurance premiums and thus you need to notify the provider. This will be the best time to confirm how it will affect your cover. It will not come as a surprise when the company chooses to cancel the exceptional savings supplied early on. In any event, when it is confirmed it will go on your history and the influences on your cover cannot be eliminated. The premiums will be adjusted according to the time remaining on the cover and category of the penalty. Some companies may choose to hold out till renewal to raise the rate. In addition you can not find it simple to find great premiums from alternative insurers as well.