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.
