Life Insurance
American Financial Security Life Insurance CompanyFind BBB Accredited Businesses in Life Insurance.
Information and Alerts
Alert Details
This business has 1 alert.
Government Actions
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
As of August 11, 2021:
Administrative action taken by the Wisconsin Office of the Commissioner of Insurance.
American Financial Security Life Insurance Company, 150 E Palmetto Park Rd., Ste. 450, Boca Raton, FL 33432, was ordered to pay a forfeiture of $10,000.00 and was ordered to respond fully to each OCI complaint file inquiry. This action was taken based on allegations of failing to timely respond to inquiries from OCI.
For further information, please contact:
Office of the Commissioner of Insurance
125 South Webster St.
Madison, WI 53703-3474
Tel: 800-236-8517
Web: https://oci.wi.gov/
LINK: https://oci.wi.gov/Pages/PressReleases/AdminActions202109.aspx
Important Information
Reason for Rating - Factors Lowered
Failure to respond to 3 complaints filed against business.
Reason for Rating - Factors Lowered
Government action(s) against business.
Reason for Rating - Factors Lowered
Failure to have a required competency license.
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