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December 14, 2004 at 07:00 PM
NU Online News Service, Dec. 14, 2004, 4:59 p.m. EST
State insurance regulators want to promote their ability to help members of the public avoid buying fraudulent policies.[@@]
The National Association of Insurance Commissioners, Kansas City, Mo., is publicizing a campaign that urges consumers to “Stop. Call. Confirm.” before buying coverage that seems to be too good to be true.
High-pressure sales tactics, large amounts of fine print and unusually low prices all may be signs that a company is selling fake coverage, the NAIC warns in a press release about the “Stop. Call. Confirm.” campaign.
A survey that the NAIC commissioned found that only 26% of the 1,013 U.S. adults surveyed in November were aware of the recent increase in sales of fake insurance, the NAIC says.
