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.
Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida 
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing 
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s 
Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk From This Issue
