Georgia Insurance Commissioner John W. Oxendine announced he has 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.
Source: Georgia Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
‘Cockroaches in My Food’ Claim Leads to Insurance Fraud Charge 
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it 
Guy Carpenter Rebranded as Marsh Re 
