TRUP - Trupanion: First Violations Hit; High Rates Already Slowing Growth
"$100,000 fine for failing to ensure its producers are properly licensed and affiliated, paying commissions or other valuable consideration to unlicensed producers for solicitation, giving pet care providers gifts valued in excess of $100 in a 12 month period for referrals, and knowingly accepting insurance business from unlicensed producers." WA State OIC
The Washington State Office of the Insurance Commissioner issued a signed Consent Order (below) demanding that Trupanion (TRUP) come into compliance with State Insurance laws. Predictably the State decided that the Territory Partners needed to be licensed, that the company could