The Oklahoma Insurance coverage Division (OID) has issued a Cease-and-Desist Order against Select Auto Inc., doing business as Select Auto Protect, as a result of unauthorized sale of auto guarantee contracts in Oklahoma. Efficient instantly, the corporate should cease all gross sales actions throughout the state. The OID stresses that any entity providing auto guarantee contracts to customers in Oklahoma have to be correctly licensed by the OID.
“Taking motion in opposition to unauthorized entities is likely one of the some ways we defend Oklahoma customers,” stated Oklahoma Insurance coverage Commissioner Glen Mulready. “Licensing ensures that firms uphold moral requirements and stay accountable for his or her practices.”
The OID started an investigation after receiving client complaints in regards to the sale of unlicensed auto guarantee plans in Oklahoma.
Shoppers are inspired to confirm an organization’s licensing standing earlier than buying any coverage. When you suspect fraud or have to file a criticism, please contact the OID at 800-522-0071.
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