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Regulatory Actions for July and August 2000
Legal Action - Agents, Agencies and Brokers
- Michael R. Dicken, Poplar Bluff, MO, insurance agent license revoked for practicing or aiding/abetting fraud, forgery, deception, collusion or conspiracy in an insurance transaction and demonstrating lack of trustworthiness or competence.
- Denise A. McDonald, Streator, IL, application for license denied because of criminal history.
- Duane Miller, Duluth, MN, license as bail bond agent revoked for incompetence, misconduct, gross negligence, fraud, misrepresentation and dishonesty. Respondent did not appear for hearing.
Legal Action - Company
The following companies forfeited $100 each for failure to respond to a complaint:
- Aetna Life Insurance Co., Hartford, CT.
- American Bankers Life Insurance Co., Miami, FLX.
- Continental Casualty Co., Chicago, IL
- GEICO Casualty Co., Macon, GA
- Halcyon Insurance Co., Cleveland, Ohio
- Keyport Life Insurance Co., Boston, MA
- Metropolitan Life Insurance Co., New York, NY, two violations.
- Metropolitan Insurance and Annuity Co., Johnstown, PA
- Midland National Life Insurance Co., Sioux Falls, SD
- Pennsylvania Life Insurance Co., Raleigh, NC
- Reliance Life Insurance Co., Philadelphia, PA
- U.S. Healthcare Inc. d/b/a Aetna U.S. Healthcare, Hartford, CT, two violations
- Amega Sales Inc., Ashland, MO, $200 forfeiture for allowing business from agent who was not appointed/licensed.Company Changes
Market Conduct Exams
- USAA Insurance Cos., San Antonio, TX, $13,188 forfeiture for failure to use required language on after-market parts on auto estimates; underpaying private passenger auto medical and total-loss claims; failure to maintain documentation of medical bills to determine if paid accurately and reasonably; not allowing homeowner claimants to recover replacement cost with statutory 10 years; and failure to make timely payment of differnece tween actual cash and replacement value on homeowners loss in excess of $10,000.
Company Changes
- Commercial Compensation Casualty, Calabasas, CA, admitted with property and liability authority.
- Constitution State Service Co., Hartford, CT, as a third-party administrator (TPA).
- Discover Property and Casualty Insurance Co., Chicago, IL, changed its name from Northbrook National Insurance Co.
- Eagle National Assurance Corp., Des Moines, IA, admitted with property, liability and miscellaneous authority.
- Family Health Partners Inc., Kansas City, admitted as a TPA.
- First American Insurance Co., Kansas City, added accident and health authority.
- Frontier Pacific Insurance Co., San Diego, CA, was removed from list of eligible surplus lines insurers.
- Genelco Inc., St. Louis, a TPA, changed its name from Navisys Inc.
- Great Plains Mutual Insurance Co., Salina, KS, approved as an accredited reinsurer.
- Innovative Resource Group Inc., Waukesha, WI, a TPA, changed its name from CNR Health Inc.
- Interstate Speciality Marketing Inc., Tustin, CA, admitted as a TPA.
- Jefferson Insurance Co., Jersey City, NJ, changed its name from Jefferson Insurance Co. of New York.
- Johnson & Giggins Kirke-Van Orsdel Inc., New York, NY, withdrew as a TPA.
- Liberty Personal Insurance Co., Boston, MA, changed its name from Cumis General Insurance Co.
- Missouri Physicians Insurance Co., St. Louis, changed its name from Medical Defense Insurance Co.
- Mynd Corp., Blythewood, SC, a TPA, changed its name from CYBERTEK Corp.
- NCM Americas Inc., Baltimore, MD, changed its name from Maryland Netherlands Credit Insurance Co.
- Nutmeg Life Insurance Co., Bettendorf, IA, changed its name from Toyota Motor Life Insurance Co.
- Realm National Insurance Co., New York, NY, added miscellaneous authority.
- Roger K. McCoy, Columbia, MO, admitted as a TPA.
- SECURA Supreme Insurance Co., Appleton, WI, admitted with property, liability and miscellaneous authority.
- Wright & Co. Insurance Brokers, Consultants and Administrators, Washington, DC, authority as TPA suspended.