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Company: United States Aviation Underwriters Inc. and United States Aircraft Insurance Group
Penalty: $180,000
Year: 2017
Date: April 14, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: United States Aviation Underwriters Inc. and United States Aircraft Insurance Group agreed to pay $45,000 to the State School Fund, $45,000 to the Insurance Dedicated Fund, and a $90,000 civil penalty, in settlement of allegations USAIG failed to follow statutory requirements for insurance business in the state with the use of unclear marketing and paying commissions to unlicensed insurance producers, among other violations.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
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