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October 21, 2004 at 08:00 PM
Commanders at Fort Benning, Ga., have acted to restrain several insurance agents from access to the base.[@@]
The commanders barred or restricted agents of a Hinesville, Ga., insurance agency whose license the Georgia Insurance Department wants to revoke. Their action was disclosed in a statement of facts that the state Insurance Department has issued as it moves to revoke the license of the agency, Associates Financial Group, Inc.
In September, American Amicable Insurance Company of Texas, Waco, also barred the agents and the principal of Associates Financial from selling its products, according to the department’s statement, which it issued Oct. 8.
“The actions of American Amicable were based upon the manner in which the product was marketed and sold and precipitated by the fact that the. . . agents had either received letters of exclusion or had privileges to solicit restricted, limited or revoked by Fort Benning for one or more violations of military regulations in the marketing and sale of insurance products,” according to the statement.
The Insurance Department scheduled a hearing for Nov. 15 in Hinesville to consider revoking the license.
Subject of the disciplinary action is Jacques Frym, the principal agent and CEO of Associates Financial Group, and Daiana Frym, who serves as chief financial officer and secretary of the agency.
The lawyer for the Fryms, Joe Cragan of Morris Manning Martin, Atlanta, acknowledged receipt of the document but referred all requests for information to American Amicable.
An official of American Amicable says the company is one of 17 insurance companies throughout the country notified of the pending action against Associates Financial. The companies are located in Texas, Wisconsin, Ohio and Colorado.
