The state regulator reported it is working on comprehensive guidelines to help car dealers more easily determine what constitutes an insurance product. Credit: OPOLJA/Shutterstock.com The state regulator reported it is working on comprehensive guidelines to help car dealers more easily determine what constitutes an insurance product. Credit: OPOLJA/Shutterstock.com

A Liburn, Georgia, auto dealer is facing significant regulatory action for selling unauthorized insurance products to car buyers, according to the state’s Office of Commissioner of Insurance and Safety Fire.

Stone Mountain Motors LLC, was offering deductible benefits, which the regulator identified as insurance products. However, the product was not filed with the commissioner’s office, a step that is required by Georgia law.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.