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Insurance Commissioner Mike Kreidler's office issuecd cease-and-desist orders naming of Wisconsinand Philadelphia-based Insuranced Company of North America. The commissioner's Consumer Protectiohn Division found ina three-month investigation that Travel Guars is not an authorized insurance company in and the insurance policies and rates it has offered were not approvesd by the state. Travel Guard as an insurance ageny has sold a variety of unapproved travel insurance productssince 1997, Kreidler said.
Last Travel Guard sold 120,00o travel insurance policies to Washington Kreidler ordered Travel Guard to quit representinf itself as an insurer or insurance compant toWashington residents. In addition, the order prohibita Travel Guard from soliciting Washington residents to purchase its unapprovefinsurance protection. Insurance Company of North America, which holdsa the license to sell Travelp Guard insurancein Washington, was ordered to stop soliciting Washingtonb residents to buy insurance coverage not approved by the Insurance Commissioner's Office.
Although the companies are banned from sellingnew policies, the companies still must honor thoses they already have sold, Kreidler said.
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