Travel Guard Approved in Wash.

Insurance supplier submits policies to state, receives OK to sell there

By: David Peterkofsky

Less than a month after the Washington State Insurance Commissioner’s office ordered insurance vendor Travel Guard Group to stop selling policies in Washington, the commissioner approved new filings for products offered by the company and its underwriter.

On Aug. 8 Mike Kreidler, the state’s insurance commissioner, issued cease-and-desist orders against Travel Guard and its underwriter, Insurance Company of North America, claiming the companies failed to get approvals for their insurance products, as state law requires. The insurance commissioner also said at the time that Travel Guard’s wholesaler policies violated state law because they did not cover terrorism-related claims.

Sandi Peck, a spokeswoman for Kreidler’s office, noted that as of Sept. 5 Travel Guard’s newly submitted policies have been approved by the state, and she added that Travel Guard now cover claims relating to acts of terrorism as well.

Peck said the insurance company now is readying forms and documents for the just-approved products, and she has informed agents who have called Kreidler’s office about Travel Guard to contact the company directly with questions on the new products’ availability in Washington.

Travel Guard sold about 120,000 policies to Washington residents in 2001.