2021 0617 - TDI - Texas Department of Insurance - Consent Order - Equis Financial Official - Order of the Texas Commissioner of Insurance - 6p
No. 2021-6871
TDI Enforcement File No. 19779
General remarks and official action taken: This is a consent order with Equis Financial LLC (Equis).
Equis sent insurance advertisements to Texas residents that may have had the tendency and capacity to mislead and deceive the recipient.
Also, Equis did not fully disclose its ownership to the Texas Department of Insurance (TDI) for more than four years, failing to file biographical information and update officer information following changes in ownership or control.
Equis voluntarily revised the advertising mailers, timely notified TDI of its most recent ownership change, and has agreed to pay a $34,000 administrative penalty.