Looks as if the unlicensed insurance scandal -- that's right, the one that got me sued for defamation earlier this year -- isn't over yet.
Here we go again.
Colorado has issued a cease and desist order again Prime Travel Protection, the bankrupt travel insurance company based in Arvada, Colo. The move caps an extensive investigation by the state and comes on the heels of a similar action by Florida.
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What do the recent intents to file cease and desist orders by Florida against three travel agencies -- Vacation Superstore, Legendary Journeys and Palm Coast Travel -- mean for travelers? I asked Barry Resnick, who has become something of an expert on the sale of unauthorized travel protection insurance plans. Resnick's mother held a policy with Trip Assured, a Tennessee company that sold unauthorized trip protection plans, and I featured his comments in my MSNBC column last week.
We've already heard from Prime Travel Protection's customers and from the agents who sold its policies. But other than a form letter from its trustee, the company and its president, Jerry Watson, have remained silent. Until now.
Authorities in two states appear poised to take enforcement action against Prime Travel Protection and travel agents who sold its policies. "There's an ongoing investigation," says Chris Lines, a legislative liaison for Colorado's regulatory agencies. "We expect it will come to a head in a matter of weeks."