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Press Release

Office Orders Companies to Cease and Desist the Unauthorized and Unlicensed Sale of Insurance in Florida
Wednesday, May 16, 2012
Contact Info:
​Jack McDermott ​Amy Bogner
​850 413-2515 ​850 413-2515
Jack.McDermott@floir.com Amy.Bogner@floir.com
TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty issued an Order to iWorld Financial Group (iWorld) and United Defend Company a/k/a United Defendco (UDC) for these entities to cease and desist engaging in the unauthorized and unlicensed sale of insurance in the state of Florida.
 
The Office received information that iWorld and UDC offered, issued and/or administered errors and omissions coverage to insurance agents in Florida without a license through Facebook and the following websites: www.iworldfinancialgroup.posterious.com, www.uniteddefendco.com), and www.eando4less.com.
 
Both companies list the same business office location in Grandville, Michigan. Office records indicate iWorld and UDC have never been authorized to sell insurance in the state of Florida. They have 21 days to respond to the Order.
 
Consumers should research companies before they buy insurance. The Office has an online "company search" tool that allows consumers to determine whether a company is authorized to sell insurance products in Florida.
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Contact Info:
​Jack McDermott ​Amy Bogner
​850 413-2515 ​850 413-2515
Jack.McDermott@floir.com Amy.Bogner@floir.com

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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