Georgia’s insurance commissioner said American Fidelity Life Insurance has agreed to refund its life insurance policy holders $275 each.
Soldiers who purchased policies written from Sept. 1, 2004 to Oct. 2009 are eligible for the cash. Commissioner John Oxendine said he estimates that 962 soldiers will be receive the payout.
The refund comes after Oxendine’s office found that insurance products offered by American Fidelity contained provisions that violated Georgia law and that the company’s annual statements weren’t filed properly.
Based in Pensacola, Fla., American Fidelity Life Insurance Co. is an underwriter of the U.S. military’s Service members Group Life Insurance program.
Oxendine is seeming the Republican nomination for governor in 2010.
Topics Georgia
Was this article valuable?
Here are more articles you may enjoy.
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement 
Four in New Jersey Face Charges in Alleged $250K Travel Insurance Scam 
Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
