Insurers To Pay Penalties

The North Carolina Department of Insurance
has reached settlements with three South Carolina companies after
investigators looked into allegations that they had charged
consumers without their knowledge.
The companies are owned by Leon Hix in Greer, South Carolina,
and include Atlantic Automobile Association, Poinsett Insurance
Agency and Budget Premium Finance Company.
Insurance Commissioner Jim Long says Poinsett and Budget will
pay a joint penalty of $375,000. That's the largest
penalty ever assessed in the Agent Services Division.
The companies were accused of selling Atlantic Automobile
Association motor club memberships with auto insurance policies in
North Carolina without telling customers about them. The
allegations also say memberships were also billed at higher rates
than stated by Atlantic.


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