Fred Loya Insurance targets mainly Spanish Speaking people. They Insured them even if they don't have a driver license. He hires people who do not have an insurance license as insurance agents, this company got a $10.000 fine for this, in Texas, in 2006.
Since not to many people out of the insurance industry know that selling insurance without a license is a misdemeanor, fred Loya has been able to get away with this. Not only the business should have this license, bat every single person who works selling insurance for a company should have this license. So If an agency has 30 people selling insurance, every single one of these 30 people should have an active insurance license. To sell insurance without this license is a misdemeanor.
There is another agency in los angeles who hires nothing but unlicensed people as agents. This agency is West Coast Insurance. The business license number as it appears in the ads in the Penny Saver and El Clasificado in Spanish is 0D94526, this license is inactive (as of 10/21/2007, today), they should not be selling insurance with an inactive license. Their phone # as it appears on their ads are 1 (800) 349-5900 and 562-693-2414. They have several offices and not a single endorsed licensed agent or solicitor.
To check the validity of this information go to the California Department of Insurance at http://insurance.ca.gov/license-status/ or call them at 800-927-4357.
If this weren't enough, many, many and I mean many other agencies do the same thing, they hire unlicensed agent to write insurace, knoung full wel it is a misdemeanor. You would be surprised to know who these agencies are, some of them are very well known, specialy in the latino comunities,
car dealerships call us "lay downs", this is probably the same term insurance agencies use for us.
The California Department of Insurance regulates these agencies and should stop them from doing anythig illegal.
Why has West Coast been able to stay in business without a single active licese?
Why are all of these other agencies able to hire all these unlicensed agents?
Let's ask the Department of Insurance.
And abuot false advertising. Many agencies advertise $0.00 down payment. Is that for real or is it False advertising?
Now go and ask your insurance agent for his or her insurance license, you will be surprices of how may of them don't have one!
I sure would welcome any media members to look into this!
And if it is Virginia Ellis of the Los Angeles Times, even better!
Los Angeles, California