Department of Insurance and Financial Services Takes Action Against Fraudulent Insurance Sales
FOR IMMEDIATE RELEASE: January 25, 2017
(LANSING) The Michigan Department of Insurance and Financial Services (DIFS) is cracking down on fraudulent insurance sales. Recently, DIFS issued Cease and Desist Orders against a number of entities for violating the Insurance Code.
The following entities were found to be selling, soliciting, or negotiating insurance without the proper licensure from the State:
- Lead Connection, Inc.
- Ticketsurance Membership Services, LLC
- Michael Arnold Jr. of Warren, Michigan
- MidWest Auto Insurance
- GCM – Solutions, LLC.
DIFS staff found that Ticketsurance claims to be providing membership plans that provide various coverage amounts against the cost of traffic tickets. Lead Connection claims to be providing coverage for funeral expenses through a “state regulated program,” when, in fact, they are not licensed in the State of Michigan.
Michael Arnold, GCM and Midwest Auto advertise on social media sites claiming to provide low cost auto insurance, but have no authority to represent the companies they have listed in their advertisements.
“We remain focused on continuing our efforts to provide regulatory oversight of the insurance and financial services industries and ensure that the businesses within these industries are safe, sound, and entitled to the public's confidence,” said DIFS Director Patrick McPharlin. “DIFS advises consumers to only conduct business with entities that are properly licensed.”
If you feel you may be a victim, please contact DIFS at 877-999-6442. For more information about DIFS or the services provided, please visit the website at www.michigan.gov/difs, follow them on Twitter or “Like” them on Facebook.