Atlantic Automobile Association, Poinsett Insurance Agency, and Budget Premium Finance Company

Raleigh, NC: (Mar-30-07) Federal insurance regulators claimed three South Carolina companies, Atlantic Automobile Association, Poinsett Insurance Agency, and Budget Premium Finance Company, charged consumers without their knowledge. 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 noted that memberships were billed at higher rates than stated by Atlantic. The companies, owned by Leon Hix, have agreed to pay a joint penalty of $375,000. That is the largest penalty ever assessed in the Agent Services Division. [WIS TV NEWS: MOTOR CLUB FRAUD]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on Apr-3-07