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MMTA ENews: March 1, 2006



NMMA Currents Flash--Beware of Fraudulent Insurance Solicitations

February 27, 2006
NMMA received this notice from its insurance broker, Acordia. Details are listed below.
Beware of Insurance Scheme in Marine Community
Warning!ATTENTION ALL NMMA MEMBERS:

A company calling itself North American Marine & General Insurance Company is currently soliciting business in various states across the U.S., offering marine insurance under the guise of the Water Safety Foundation or the International Water Safety Foundation. Most solicitations appear to be in the form of a fax from the IWSF directly to the client.

Please beware this is a fraudulent carrier and is not approved for use in any state in the U.S. Several insurance departments have already issued cease and desist orders against this company.

NMMA members should be aware of this information and act carefully before purchasing insurance from an organization with which it is unfamiliar.

Should anyone receive a fax from IWSF or the company North American Marine & General Insurance, please contact your State Department of Insurance.


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