- 11,502
I read the lawsuit. Even if he looses the lawsuit, its unlikely and DOI will get involved. He sold his crappy plan to a NY Life TAS agent saying it complies with their compliance. When NY Life complained to the agent, he refused to provide refund despite offering money back guarantee. It wont put him out of business
Agreed. This is a business dispute, not one where a client was harmed by the improper sale of an insurance policy. It's not under the CA DOI's jurisdiction.