Monday, May 10, 2010

 

Insurance firm booted from Ga.

California-based insurer, Trans World Assurance, agreed Wednesday to surrender its certificate of authority in Georgia in a consent order signed by Insurance Commissioner John W. Oxendine.

The order brings to an end the company's battle against a 2008 order fining the company $214,000 and requiring it to cease its operations in Georgia. At the time, the company was also ordered to refund monies collected from active duty members of the United States Armed Forces related to products it sold in Georgia, beginning in September 2007...

INN: Insurance firm booted from Ga.

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