Geico could lose its right to sell insurance in Ohio should charges levied by the state that the company allowed unlicensed employees to sell property and casualty coverages be upheld. At a hearing scheduled for Aug. 18, the Ohio Department of Insurance will determine whether Geico violated Ohio consumer protection laws based on a complaint filed by the Professional Insurance Agents Association of Ohio.
Geico denies the accusation, saying call-center agents are licensed in the state in which they live and then file for non-resident licenses in other states. The company has said PIA is raising the issue based solely on competition concerns.
Was this article valuable?
Here are more articles you may enjoy.
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court 
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
