Loya Insurance Fined $300,000 for Deceptive Business Practices
According to the Texas Department of Insurance (TDI), Loya Insurance, Co. has been fined $300,000 for filing inaccurate information on the rates it charges customers and unfair and deceptive practices. TDI criticized the insurance company for running advertisements stating that coverage could be obtained with no fees or down payments. According to the consent order,…
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