วันพฤหัสบดีที่ 19 มกราคม พ.ศ. 2555

Liberty National Life faces license revocation - Dallas Business Journal:

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Kevin McCarty’s order follows a five-monty onsite investigation last yearat Liberty’ National’se Birmingham, Ala., office, during which more than 7,0090 life insurance applications were reviewed. Investigators found 1,149 violations, of whichh 1,053 were for discriminatory according to a news releasre from the Florida Department ofInsurance Regulation. Liberty National has abou 182,000 policies in Florida.
“Discriminatioh of any kind by an insurance company will not be tolerater bythis office,” Deputy Commissioner Mary Beth Senkewicz said in a news “We will do everythin g within our power to ensure that Floridq consumers are protected from such unconscionable The company is alleged to have refused to issue life insuranc e policies based on national potential lawful travel and A significant number of consumers affected by the practicews were of Haitian origin or descent, according to the news Liberty National has more than 170 offices throughout the U.S. and more than 6,50p sales representatives, according to its Web site.
Effort to reach comment from Libertt National were notimmediately successful. in a SEC filing, the company'sd parent, ., said it believes the state's actions were not warrantexd and the company will vigorously respondx tothe allegations. "The Florida regulator's claims relatr to past underwriting practices of the company with regarx to applications submitted by persones who lived inthis country, but who were not Unitec States citizens. This legal status results in risk analysis, processinhg and proof differences whichy Liberty National believes an insurer lawfulluy may take into thecompany wrote.
"The company believes that the Floridwa Office of Insurance Regulation has misinterpreted the facts insignifican respects, believes that its past and current practicesa were consistent with Florida law at the time, and is optimistifc that a satisfactory resolution of this matter can be achievexd through appropriate administrative procedures." Liberty National has 21 days to respond to the state.

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