by hummingbird » Mon Dec 31, 2007 04:51 pm
I was told that the price of insurance had to do with your credit. If you have good credit the insurance will be cheaper than if you have bad credit it is higher.If you have bad credit you may not be able to get insurance at all. How can that be? Sounds more like a loan than car insurance.
Posted: Fri Jan 04, 2008 02:19 pm Post Subject:
Here's the link
http://doi.ppr.ky.gov/kentucky/
Posted: Sat Jan 05, 2008 12:41 am Post Subject:
Never mind I figured out what that means. Thank you Lori for the insight into the Ky DOI. I will certainly look into it. I don't understand why the insurance companies don't tell us this stuff.
Posted: Sat Jan 05, 2008 02:30 am Post Subject:
Oh, that's an easy one; For the very same reason that the tobacco companies didn't bother to tell you that smoking was known to cause cancer.
Posted: Sat Jan 05, 2008 10:39 am Post Subject:
I don't understand why the insurance companies don't tell us this stuff.
On the choice no fault they had to because you HAD to have signed one way or the other.......Posted: Sat Jan 05, 2008 07:58 pm Post Subject:
DOI is the Department of Insurance. Its kinda likea BBB for the insurance industry.
Posted: Sat Jan 05, 2008 08:55 pm Post Subject:
DOI is the Department of Insurance. Its kinda likea BBB for the insurance industry.
Actually, the BBB is a consumer advocacy group and the DOI is a government regulatory agency.
I strongly doubt anyone from the BBB could come into a business, produce a warrant, seize documents, and make an arrest. DOI Investigators have the ability to do so.
Posted: Sun Jan 06, 2008 10:52 am Post Subject:
DOI Investigators have the ability to do so.
Want to see a bunch of insurance claims managers (and adjusters and even secretaries) 'pucher' watch them come in a pull files............oh my...........these guys have a lot of power!Posted: Sun Jan 06, 2008 05:14 pm Post Subject:
Hey I said it was kinda like a BBB. You report grievances to the DOI and the BBB. Its just the DOI has way more clout then the BBB.
Posted: Sun Jan 06, 2008 08:28 pm Post Subject:
Hey Lori, I could tell you stories about some of the stuff I saw when I was working with the DOI in CA.
During an investigation of a broker with GSL, we discovered that he kept a pistol in his desk from time to time. When we went into his office with a warrant, he was told to get up and leave. When he moved for his desk drawer (to get his stuff, he claimed) he had 3 pistols drawn, cocked and pointed right at him. The look on his face was priceless.
He left without incident and we didn't find a weapon. His license was permanently revoked some time afterwards.
Posted: Sun Jan 06, 2008 08:32 pm Post Subject:
Wow I never realised how dangerous being an insurance agent could be.
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