DFS Fines QBE Insurance $750,000 for Issuing Impermissible Insurance Covering Students Enrolled in Institutions of Higher Education
March 15, 2018
March 15, 2018
ALBANY, New York, March 15 -- The New York State Department of Financial Services issued the following news release:
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has fined QBE Insurance Corp., an insurer that offers blanket accident-only coverage to groups in New York, $750,000 for violations of New York Insurance Law. An investigation by DFS found that QBE unlawfully issued accident-only policies to institutions of . . .
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has fined QBE Insurance Corp., an insurer that offers blanket accident-only coverage to groups in New York, $750,000 for violations of New York Insurance Law. An investigation by DFS found that QBE unlawfully issued accident-only policies to institutions of . . .