The Louisiana Department of Insurance reported it has ordered an insurance company and its sponsoring association to cease all participation in the alleged writing of unauthorized insurance coverage in Louisiana.
North American Marine General Insurance Company of Panama City, Panama, and the membership organization, International Water Safety Foundation of Blainville, Quebec, Canada, were ordered to cease and desist from engaging in selling unauthorized insurance products in the state, the DOI said. The C&D order alleged North American has been offering such coverage through IWSF without authorization.
Was this article valuable?
Here are more articles you may enjoy.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
How Insurers Know When It’s Time to Scale AI From This Issue
