Thu., May 6, 2010 8:09am (EDT)

Insurance Company Barred From Selling New Policies
By Associated Press
Updated: 4 years ago

ATLANTA  —  
Trans World Assurance can no longer sell insurance policies in the state of Georgia after being accused of trageting military personnel with a deceptive sales program among other violations. (Image courtesy of: Alan Cleaver)
Trans World Assurance can no longer sell insurance policies in the state of Georgia after being accused of trageting military personnel with a deceptive sales program among other violations. (Image courtesy of: Alan Cleaver)
Trans World Assurance can no longer sell new insurance policies in Georgia. That’s the result of an order signed by state Insurance Commissioner John Oxendine, which calls for the California-based insurer to surrender its certificate of authority in Georgia.

Wednesday’s action ends a two-year legal battle, in which Trans World Assurance was fined $214,000 and ordered to stop operations.

The company was accused of targeting military personnel with a deceptive sales program among other violations.

Trans World Assurance is still required to service existing policies sold before September of 2007.