Wednesday, July 9, 2008

Calif. Commissioner Fines Company $60,000

California Insurance Commissioner Steve Poizner ordered Dent Defense Group Inc., a Concord-based company, to pay $60,000 in fines for transacting insurance in California without a proper license.

According to the CDI, Dent Defense Group Inc. illegally sold pre-paid paintless dent repair contracts from 2005 through 2007.

Under these contracts, Dent Defense Group agreed to repair small dents and dings for covered vehicles. The contracts were considered insurance policies, and only legally allowed to be sold in California by a licensed insurance company.

Dent Defense reportedly failed to obtain a license from the Department of Insurance before selling their products.

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