OLYMPIA, Wash. — Washington state Insurance Commissioner Mike Kreidler issued a cease-and-desist order and fined Fred Meyer Stores, Inc., $100,000 for selling insurance without state authorization.
Fred Meyer stores sold the GUARD Protection Plan, issued by Mack Camera & Video Service, to a consumer in Washington. That consumer filed a complaint with the Office of the Insurance Commissioner about the service contract, alleging claim delay and misrepresentation.
The OIC determined that the GUARD plan, which Fred Meyer sold from June 2016 to November 2022, constitutes a service contract and insurance. The company received $40 from Mack Camera & Video Service per contract sold at Fred Meyer stores.