The Florida Office of Insurance Regulation issued cease and desist orders to three home warranty companies yesterday, including their subsidiaries, for the unauthorized sale of warranty products and service agreements. The companies include National Home Protection, National Home Warranty and National Automotive Services.
Office investigators determined National Home Protection and National Home Warranty conducted home and service warranty transactions in Florida without a license. Investigators also found National Automotive Services Inc. and its subsidiaries – Warranty Financial Inc., Warranty Financial O.R.G. Inc., Warranty U.S.A., and Warranty Services – sold motor vehicle service agreements without a license.
“The Office is committed to protecting Florida consumers from purchasing products that are sold by unlicensed entities that do not comply with Florida law,” Florida Insurance Commissioner Kevin McCarty said in a statement.
The affected companies must submit letters of certification, within 30 days, stating their company no longer provides services in Florida. The orders also require that the companies honor and fully service all valid claims and fulfill their contractual obligations.
Consumers may make sure an insurer or warranty company is licensed in Florida through the “Company Search” tool on the Florida Office of Insurance Regulation website, www.floir.com.
© 2010 Florida Realtors®
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