Insurance commissioner issues cease and desist orders
South Florida Business Journal – by Oscar Pedro Musibay
Florida Insurance Commissioner Kevin McCarty has issued cease and desist order to three entities, including Sunrise-based National Automotive Services and its subsidiaries, for selling services without a license.
In addition to National Automotive Services, McCarty issued orders to National Home Protection and Nationwide Home Warranty, according to a statement from the Florida Office of Insurance Regulation.
Investigators found National Automotive Services and its subsidiaries – Warranty Financial, Warranty Financial O.R.G., Warranty U.S.A. and Warranty Services – sold motor vehicle service agreements without a license, according to the statement.
Officials from National Automotive Services and its subsidiaries could not immediately be reached for comment.
OIR investigators also determined National Home Protection and Nationwide Home Warranty, both based in New York, conducted home and service warranty transactions in Florida without a license, according to the statement.
The entities are required to submit letters of certification, stating they no longer provides services in Florida, within 30 days. The orders also require that the companies honor and fully service all valid claims and fulfill their contractual obligations.