State issues cease-and-desist to unlicensed auto warranty co.

From staff reports OKLAHOMA CITY – The state Insurance Department (OID) has issued a cease-and-desist order against Select Auto Inc., doing business as Select Auto Protect, because of unauthorized sales of auto warranty contracts in Oklahoma.

“Effective immediately, the company must stop all sales activities within the state,” Insurance Commissioner Glen Mulready said. The OID stresses that any entity offering auto warranty contracts to consumers in Oklahoma must be properly authorized by the Insurance Department.

“Taking action against unauthorized entities is one of the many ways we protect Oklahoma consumers,” Mulready said. “Licensing ensures that companies uphold ethical standards and remain accountable for their practices.”

The Insurance Department launched an investigation after receiving consumer complaints about the sale of unlicensed auto warranty plans in Oklahoma.

Consumers are encouraged to verify a company’s licensing status before purchasing any policy. If you suspect fraud or need to file a complaint, contact the OID at (800) 522-0071.