Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Discussion of firearm-related news stories. Please use "Off Topic" for non-firearm news.
Forum rules
Do NOT post the full text of published articles. If you would like to discuss a news story please link to it and, at most, include a brief summary of the article.

Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby jdege on Thu Feb 21, 2019 12:16 pm

https://www.insurancejournal.com/news/west/2019/02/20/518277.htm
Insurer Hit With $102K Fine for Selling Illegal NRA-Branded Policies

Where New York leads, Illinois follows...
User avatar
jdege
 
Posts: 4481 [View]
Joined: Sun Jul 29, 2007 10:07 am

Re: Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby ex-LT on Thu Feb 21, 2019 12:43 pm

Maybe I missed something, but it appeared to me that it was Washingon, not Illinois, that brought the action.
The insurance company - Illinois Union - was fined by the Washington Insurance Commissioner.
DNR Certified Firearms Safety Instructor
NRA Certified Range Safety Officer
NRA Certified Instructor - Pistol, Rifle, and Shotgun
NRA Endowment Life Member
MN Gun Owners Caucus Life Member
Member Post 435 Gun Club
User avatar
ex-LT
Inspector Gadget
 
Posts: 3470 [View]
Joined: Sat Nov 15, 2008 1:49 pm
Location: Lakeville

Re: Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby jdege on Thu Feb 21, 2019 2:37 pm

ex-LT wrote:Maybe I missed something, but it appeared to me that it was Washingon, not Illinois, that brought the action.
The insurance company - Illinois Union - was fined by the Washington Insurance Commissioner.

Right.

The insurer was in Illinois, the regulator was in Washington state.
User avatar
jdege
 
Posts: 4481 [View]
Joined: Sun Jul 29, 2007 10:07 am

Re: Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby Holland&Holland on Thu Feb 21, 2019 4:02 pm

jdege wrote:
ex-LT wrote:Maybe I missed something, but it appeared to me that it was Washingon, not Illinois, that brought the action.
The insurance company - Illinois Union - was fined by the Washington Insurance Commissioner.

Right.

The insurer was in Illinois, the regulator was in Washington state.


Nope. Philly I believe. You can name anything anything. I could name my fish house Waikiki beach if I wanted to. Does not make it in Hawaii
User avatar
Holland&Holland
 
Posts: 12503 [View]
Joined: Mon Jan 12, 2009 9:17 am

Re: Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby jdege on Thu Feb 21, 2019 6:22 pm

Holland&Holland wrote:Nope. Philly I believe. You can name anything anything. I could name my fish house Waikiki beach if I wanted to. Does not make it in Hawaii

Which explains why one of the largest Swiss banks is UBS - United Bank of Scotland.
User avatar
jdege
 
Posts: 4481 [View]
Joined: Sun Jul 29, 2007 10:07 am

Re: Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby minnesotatv on Fri Feb 22, 2019 1:30 pm

jdege wrote:
Holland&Holland wrote:Nope. Philly I believe. You can name anything anything. I could name my fish house Waikiki beach if I wanted to. Does not make it in Hawaii

Which explains why one of the largest Swiss banks is UBS - United Bank of Scotland.


UBS = Union Bank of Switzerland + Swiss Bank Corporation + other business'

https://en.wikipedia.org/wiki/Union_Bank_of_Switzerland
minnesotatv
 
Posts: 1125 [View]
Joined: Mon Oct 01, 2007 9:21 am
Location: near St. Paul, MN

Re: Insurer Hit With $102K Fine for Selling Illegal NRA-Branded

Postby Holland&Holland on Fri Feb 22, 2019 1:37 pm

If you don't like either of those, the United bank of gun collecting is accepting deposits. I act as president and teller. It is NOT insured and all deposits are converted to ammo for storage. I can not guarantee that deposits will not have been shot but the time you come to withdraw. Sometimes their is once fired brass left though so at least it is something :twisted:
User avatar
Holland&Holland
 
Posts: 12503 [View]
Joined: Mon Jan 12, 2009 9:17 am


Return to In The News

Who is online

Users browsing this forum: atomic41 and 13 guests

cron