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Article #22264

Auto Insurance

#22264
From: Scott Hopson
Date: Fri, 03 Jul 1992 20:15
31 lines
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Watch out for those "non-admitted" auto insurance carriers!!!!

I purchased a policy from an agent which told me that non-admitted
insurers were required to supply a bond of several million dollars to
cover any claims or policies issued should the carrier decide to leave the
state. I later called the State of California Insurance Commission which
told me that the agent had lied to me. The Insurance Commission said they
would supply me with an official written statement which declares the agent's
statement untrue. I know I should have called the State first but that's
hind sight. Basically if it sounds to good to be true, it's not.

The State even said that they had not heard of this particular carrier before
they said that this happens all of the time.

If anyone has any additional info please post it.

I'll let you know the outcome of my case, whether I need to go to small claims
or not. The State said with their letter as proof that the agent was wrong
should help me to win back any loses. Fortunately I paid the first premium
with an AMEX card, they are investigating it on their own and will not make 
me pay the charges (if any) until after the case is settled.

I'm sticking with Auto Club now. It costs more but If I get in an accident
I know they will pay the claim.


-- 

Scott Hopson   (scotth@filenet.com)

"C is not a block-structured language in the sense of PL/1 or Algol -- K&R 4.8"
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From: scotth@felix.filenet.com (Scott Hopson)
Newsgroups: ca.general
Subject: Auto Insurance
Keywords: Insurance RipOff Beware
Message-ID: <18697@fritz.filenet.com>
Date: 3 Jul 92 20:15:55 GMT
Reply-To: scotth@fritz.filenet.com (Scott Hopson)
Distribution: ca
Organization: FileNet Corp., Costa Mesa, CA
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