FLA. New car buyers will receive $ 1.7 million in reimbursements
More than 1200 people of Central Florida have received refunds amounting to $ 1.7 million under a plan to repay the consumer pays for the various insurance products without their knowledge, while the purchase a motor vehicle. The Department of Financial Services has recently launched a two-year investigation of two Clear Water-based auto dealer, which led to the repayment of a program and a plan of action available to the division.
According to the Department investigators found that sales personnel on the two sub-added reseller business insurance products, for example, vehicle service agreements, plans for planned maintenance, Gap protection plans and vehicles VIN etch glass protection, contracts of sale, customers unconscious. In some cases, customers, according to reports have been invited to blank applications for these products, but was told there was no penalty.
Others never knew that these procurement plans, in this case, they are not all benefits. The refunds have been designed for consumers buying vehicles between April 1998 and March 2002. In addition, Division researchers found that consumers were sold insurance products by an insurer is not authorized to offer the products. As a corrective action plan, traders were needed to ensure that all insurance products offered by Florida insurers operating licenses. More than 1200 consumers for products mentioned above for a total of more than $ 1.7 million.
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