Florida Regulators Take Action Against Auto Warranty Company for Issuing Fake Insurance Certificates
Florida regulators are intensifying their efforts to combat the sale of vehicle insurance products by unlicensed individuals. This week, Insurance Commissioner Michael Yaworsky took decisive action against American Dream Auto Protect Inc., an auto warranty company, ordering it to cease operations due to its lack of a license or approval from the state Office of Insurance Regulation (OIR).
Founded last year, American Dream Auto Protect is now required to manage its existing warranties by either honoring them or allowing customers to cancel and receive refunds. Based in New Jersey, the company must also distribute the consent order to consumers and prominently display it on its website, as mandated by Yaworsky in an official bulletin.
The OIR had initially issued a cease-and-desist warning to the company back in June of last year, prior to its incorporation in Florida. Records indicate that complaints regarding the company’s operations began surfacing as early as July 2024. The final consent order was formally issued on February 4 of this year. Notably, the OIR bulletin did not clarify why the initial complaint and consent order were not disclosed to the public until now.
According to the OIR complaint, American Dream Auto Protect had 894 contracts in Florida as of last summer, generating approximately $2.2 million in premiums. Florida Secretary of State corporation records reveal that the firm’s CEO is Moshe Qubrusi, who resides in Edison, New Jersey.
Qubrusi has a history of operating in Florida, previously managing Car Protect Administration Inc. since 2023. Although this company is also unlicensed and unauthorized by the OIR, it is not currently listed as engaging in any unlicensed activities.
In a related development, Yaworsky announced the launch of a new OIR website that lists companies identified as operating without the necessary licenses. To date, the site has flagged six warranty companies.
On the same day, Florida’s chief financial officer revealed that two individuals have been charged with producing and selling at least two dozen counterfeit insurance certificates for tow-truck operators in South Florida. Aliba Lamas Alvarez, 38, from Hialeah, was reportedly acting as an insurance agent without a license. He, along with several co-defendants, allegedly utilized these fake certificates to acquire towing permit decals in Miami-Dade County, according to arrest records.
Additionally, Javier Gonzalez Jr., whose age and address remain undisclosed, is a licensed insurance agent in Florida. He was charged on February 5 with filing false insurance claims and committing fraud, as reported by the state Department of Financial Services. Miami-Dade arrest records for Gonzalez were not immediately accessible.
Records from the Department of Financial Services indicate that there are multiple licensed insurance agents in South Florida sharing the same name.
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Florida regulators are intensifying their efforts to combat the sale of vehicle insurance products by unlicensed individuals. This week, Insurance Commissioner Michael Yaworsky took decisive action against American Dream Auto Protect Inc., an auto warranty company, ordering it to cease operations due to its lack of a license or approval from the state Office of Insurance Regulation (OIR).
Founded last year, American Dream Auto Protect is now required to manage its existing warranties by either honoring them or allowing customers to cancel and receive refunds. Based in New Jersey, the company must also distribute the consent order to consumers and prominently display it on its website, as mandated by Yaworsky in an official bulletin.
The OIR had initially issued a cease-and-desist warning to the company back in June of last year, prior to its incorporation in Florida. Records indicate that complaints regarding the company’s operations began surfacing as early as July 2024. The final consent order was formally issued on February 4 of this year. Notably, the OIR bulletin did not clarify why the initial complaint and consent order were not disclosed to the public until now.
According to the OIR complaint, American Dream Auto Protect had 894 contracts in Florida as of last summer, generating approximately $2.2 million in premiums. Florida Secretary of State corporation records reveal that the firm’s CEO is Moshe Qubrusi, who resides in Edison, New Jersey.
Qubrusi has a history of operating in Florida, previously managing Car Protect Administration Inc. since 2023. Although this company is also unlicensed and unauthorized by the OIR, it is not currently listed as engaging in any unlicensed activities.
In a related development, Yaworsky announced the launch of a new OIR website that lists companies identified as operating without the necessary licenses. To date, the site has flagged six warranty companies.
On the same day, Florida’s chief financial officer revealed that two individuals have been charged with producing and selling at least two dozen counterfeit insurance certificates for tow-truck operators in South Florida. Aliba Lamas Alvarez, 38, from Hialeah, was reportedly acting as an insurance agent without a license. He, along with several co-defendants, allegedly utilized these fake certificates to acquire towing permit decals in Miami-Dade County, according to arrest records.
Additionally, Javier Gonzalez Jr., whose age and address remain undisclosed, is a licensed insurance agent in Florida. He was charged on February 5 with filing false insurance claims and committing fraud, as reported by the state Department of Financial Services. Miami-Dade arrest records for Gonzalez were not immediately accessible.
Records from the Department of Financial Services indicate that there are multiple licensed insurance agents in South Florida sharing the same name.
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