Insurance Commissioner John W. Oxendine ordered a Kansas insurance company to return $1,016,518 in overcharges to 159 Georgia customers. Oxendine said Universal Underwriters Insurance Company will make retroactive premium adjustments to affected policyholders, including interest, for new or renewed policies dating back to Jan. 1, 2002.
The company must provide proof of all premium adjustments and interest paid within 30 days, and must also cease and desist from charging rates that exceed approved rating plans. The company writes commercial coverage for auto dealerships and aftermarket service companies.
Was this article valuable?
Here are more articles you may enjoy.
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Shark Attack on Alabama Teen Inspires Start of National Alert System 
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits 
Developer Downplays Structural Concerns at ‘Unstable’ Midtown Manhattan Tower From This Issue
