Death – Obituary News : Maya Applauds Passing of Law Banning “Bait & Switch” Tactics in Auto Insurance

Cause Death – Obituary News : Maya Assurance Company Applauds New Law Against “Bait & Switch” Auto Insurance Tactics

December 27, 2023

In a recent tweet, Maya Assurance Company expressed their support for a new law aimed at preventing “Bait & Switch” tactics in auto insurance quotes. The law, which has been introduced to protect consumers from misleading practices, has been hailed as a significant step towards promoting honesty and integrity in the insurance industry.

Maya Assurance Company, a well-known name in the insurance sector, has always been committed to fair and transparent dealings with brokers and customers. With this new law in place, Maya Assurance Company believes that the insurance market will become more trustworthy and reliable for consumers.

The passing of this law is a significant victory for consumer protection and a testament to the tireless efforts of organizations like the Professional Insurance Agents of New York (PIANY), who have been advocating for stricter regulations in the industry. Maya Assurance Company commends PIANY for their dedication to ensuring fair practices and applauds their role in bringing about this positive change.

“Maya Assurance Company has always stood against such practices and prioritized honesty and integrity in our dealings with brokers and customers,” the company tweeted. This commitment to ethical business practices has earned Maya Assurance Company the trust and loyalty of their clients over the years.

While the details of the law and its impact on the insurance industry are still unfolding, it is expected to address issues related to deceptive advertising and misleading quotes. “Bait & Switch” tactics involve enticing potential customers with unrealistically low insurance quotes, only to increase the premiums significantly once the policy is purchased. Such tactics can lead to frustration and financial strain for policyholders who were initially attracted by the low price.

With this new law, consumers can expect greater transparency and accuracy in auto insurance quotes. It will provide them with the peace of mind that the price they are quoted is the price they will pay, without any unexpected surprises or hidden fees.

The passing of this law is a significant development in the insurance industry and has the potential to set a precedent for other states to follow suit. As more consumers become aware of their rights and demand fair and transparent practices, insurance companies will be compelled to adapt their strategies and prioritize the best interests of their customers.

Maya Assurance Company remains committed to upholding the principles of honesty, integrity, and transparency in their business operations. They believe that this new law will further strengthen their ability to deliver quality service and build lasting relationships with their clients.

As of now, the cause of death of the deceased is unknown and not pertinent to this article. However, Maya Assurance Company’s support for the new law against “Bait & Switch” tactics in auto insurance quotes serves as a reminder of the importance of ethical practices in the insurance industry. With this law in place, consumers can have greater confidence in the fairness and transparency of the insurance market..

#Maya applauds the passing of a new law preventing “Bait & Switch” tactics in auto insurance quotes. We’ve always stood against such practices, prioritizing honesty & integrity in our dealings with brokers & customers. Kudos to @PIANY – https://t.co/a7ewhAi6GH #autoinsurance

— Maya Assurance Company (@MayaAssuranceCo) December 27, 2023

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@MayaAssuranceCo said #Maya applauds the passing of a new law preventing "Bait & Switch" tactics in auto insurance quotes. We've always stood against such practices, prioritizing honesty & integrity in our dealings with brokers & customers. Kudos to @PIANY – blog.pia.org/2023/12/26/n-y… #autoinsurance