Four Companies to Cease and Desist Selling Motor Vehicle Service Agreement Products in Florida
TALLAHASSEE, Fla. - Florida's Office of Insurance Regulation has issued an order to National Automotive Services Inc., Warranty Financial Inc. (aka Warrany Financial O.R.G. Inc.), Warranty USA, and Warranty Services to cease and desist transacting the unauthorized marketing and selling of motor vehicle service agreement products in Florida.
The investigation found that all companies except Warranty Services are registered corporations in Florida, but that none of companies holds a license to sell motor vehicle service agreements in the state. The Office of Insurance Regulation alleges in its order that in addition to selling insurance without a license, the companies' agreements with each other resulted in at least 50 customers receiving fraudulent bills.
"These companies are selling motor vehicle service agreements without a license, and are fraudulently billing customers," said Florida Insurance Commissioner Kevin McCarty. "Today's order will put a stop to their illegal practices."
Last April, the Insurance Commissioner of the State of Oklahoma issued an Emergency Cease and Desist Order against these companies for engaging in the unauthorized business of service warranty and indemnity agreements in that state.
Under Florida law a person or entity may not transact, administer, or market a service agreement either in the State of Florida or from the State of Florida unless it is authorized to do so under a license issued by the Office of Insurance Regulation.
More Industry

Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →