CT Fines Insurance Company

HARTFORD, CT — A Pennsylvania insurance company was fined $152,000 after it was found to be in violation of state law.

AmGUARD sells property and casualty insurance in the state and the violation was found during a 2018 examination by the state Insurance Department's market conduct unit, according to a press release.

AmGUARD will have to review its practices and procedures to come into compliance with state law.

"Compliance with our laws and regulations is not optional and I take these violations very seriously," said Insurance Commissioner Andrew Mais. "Consumer protection is the Connecticut Insurance Department’s top priority. Ensuring compliance with our laws and regulations is just one way that I can let consumers know the products they are purchasing have the full regulatory protections provided in the State of Connecticut and let industry know that Connecticut is a state with a fair and competitive regulatory environment.”