Division returns $12 million to consumers this year
Nearly 5,000 complaints led to more than $12 million in restored premium payments to customers last year, according to the Division of Insurance’s annual complaint report. Car insurers and health care insurance companies account for more than half of all the complaints registered at the division. The report covers June 2009 to June 2010, and [...]
Colorado’s Department of Regulatory Agencies’ Office of Policy, Research and Regulatory Reform is conducting a sunrise review to determine whether the General Assembly should reguire regulation of tax refund lenders. A sunrise review examines whether new regulation is necessary to protect the public. A refund anticipation loan is a short-term loan secured by and repaid [...]
Continue reading …People who were laid off between September 2008 and February 2009 qualify for a federal subsidy that will pay 65 percent of Colorado state continuation of health insurance premiums. Gov. Bill Ritter signed a bill June 1 that makes sure employees have a “second chance” to keep insurance benefits through the federal program. In Colorado, employees who leave [...]
Continue reading …State strips local insurance agent’s license, slaps him with $30,000 fine
April 16, 2009 Comments OffThe Colorado Department of Regulatory Agencies has revoked Colorado Springs insurance agent Jan M. Siroky’s insurance license and fined him $30,500. DORA officials said he defrauded consumers by selling long-term care, accident and health insurance policies and then diverting premiums for his own use. After the Division began to suspect fraud, Siroky’s license was suspended [...]
Continue reading …About 3,500 state residents will get refunds totaling $393,000 from title insurance companies and agents, according to the state’s Department of Regulatory Agencies. The refunds are the result of an audit of about 14,000 residential closings in 2007 and early 2008 that found “significant errors in the calculation of title insurance rates,” DORA said. As [...]
Continue reading …
Loading ...
