If a deal on travel insurance seems too good to be true, it probably is.
Prime Travel Protection, Inc., also known as Vacation Protection Services, Inc. Traveler Protection Services, Inc., and Universal Assurance, Ltd., received a Cease and Desist order from the Colorado Division of Insurance after discovering that the company was illegally selling travel insurance.
Customers of Prime Travel Protection, Inc. purchased insurance from the unlicensed business, sometimes after it was offered to them via travel agencies. An unlicensed business does not report their finances or level of coverage, meaning they can fool buyers into paying for invalid insurance plans. Prime Travel Protection, Inc. was discovered after the Division of Insurance received a customer complaint.
Individuals who purchased insurance should contact their state insurance department or Attorney General’s Office, as well as their credit card company if they paid via credit card.