A Texas-based insurance company Friday was ordered to refund 1.3 million dollars to Fort Benning, Georgia, soldiers.
Investigators say the soldiers were improperly sold life insurance policies.
Waco-based American-Amicable Life Insurance has agreed to refund
money from premiums paid by about 900 active-duty soldiers at Fort
Georgia Insurance Commissioner John Oxendine says the policies were sold during 2002.
Oxendine says refunds will include all sales of the Horizon Life
The amounts of the refunds will depend on how much the soldiers
Oxendine says the insurer broke federal and state rules against acting like disinterested financial planners while selling policies to soldiers in training.
American-Amicable didn't immediately respond to a call for comment.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.