Agency determined Zehnder is not licensed to sell insurance in Michigan

FOR IMMEDIATE RELEASE 
June 17, 2010
Contact: Jason Moon 517-335-1700
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LANSING - The Office of Financial and Insurance Regulation (OFIR) has ordered Frankenmuth’s Martin Zehnder to cease and desist from the sale, solicitation, or negotiation of any line of insurance in Michigan.

Through consumer complaints, an OFIR investigation found that Zehnder was selling policies for limited lines credit insurance on automobiles without a license.

“Selling insurance in Michigan without a license is illegal," OFIR Commissioner Ken Ross said. "A quick call to OFIR can determine if an insurance agent is properly licensed.”

If Michigan consumers have any questions about an insurance agent, agency, product or company, please contact OFIR toll-free at (877) 999-6442 or online at: www.michigan.gov/ofir.

Failure to comply with OFIR's order could subject Zehnder to one or more of the following:

• A civil penalty of not more than $25,000 for each knowing violation, not to exceed an aggregate civil fine of $250,000.
• Complete restitution to all persons in the state damaged by the violation.

A copy of OFIR's cease and desist order can be found at: http://www.michigan.gov/documents/dleg/Zehnder__CD_324875_7.pdf

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