SACRAMENTO, Calif. - Dent Defense Group Inc., a Concord, Calif.-based company, was fined $60,000 for transacting insurance without a proper license.
Dent Defense Group Inc. illegally sold pre-paid paintless dent repair contracts from 2005 through 2007, according to Steve Poizner, California Insurance Commissioner. Under these contracts, Dent Defense Group agreed to repair small dents and dings for covered vehicles. The contracts were considered insurance policies, and only legally allowed to be sold in California by a licensed insurance company. Dent Defense failed to obtain a license from the Department of Insurance before selling their products, Poizner said. “Selling insurance in California without a proper license is illegal,” says Poizner. “Consumers should not give an insurance agent, broker or company a dime before verifying their license status with the Department of Insurance. This settlement is a reminder to any business attempting to compete in California — play by the rules or you will pay.” Electronic copies of the commissioner’s complaint, settlement, and related order for Dent Defense are available on the Department of Insurance Web site, www.insurance.ca.gov. |
