OFIR Orders Detroit-Area Man to End Unlicensed Title Insurance Sales

OFIR investigation finds Charles Brian Lovejoy and G.I.A.F., Inc. sold title insurance without a license

May 25, 2012
Media Contact: Jason Moon 517-335-1700
Consumer Hotline: 877-999-6442
http://twitter.com/miofir

LANSING - The Office of Financial and Insurance Regulation (OFIR) has ordered Southfield title insurance company, G.I.A.F., Inc., its vice president Charles Brian Lovejoy and several other company officers to cease and desist from the sale, solicitation, or negotiation of any line of insurance in Michigan.

Initiated by a closing agent complaint, OFIR conducted an investigation and found that Lovejoy, through G.I.A.F., sold a title insurance policy in Sterling Heights without a license.

“Selling title insurance in this state without a license is illegal," OFIR Commissioner Kevin Clinton said. “Consumers who were sold coverage by Lovejoy should call us immediately.”   

If Michigan consumers were sold coverage by Lovejoy and G.I.A.F, they are encouraged to contact OFIR toll-free at (877) 999-6442. To find out if an insurance agent is properly licensed visit: www.michigan.gov/ofir.

Failure to comply with OFIR's order could subject Lovejoy, G.I.A.F and other company officers to one or more of the following:

• A civil penalty of not more than $25,000 for each knowing violation, not to exceed an aggregate civil fine of $250,000.
  
  
• Complete restitution to all persons in the state damaged by the violation.

A copy of OFIR's cease and desist order can be found at: www.michigan.gov/documents/lara/GIAF_Inc__Lovejoy_Stewart_The_Kaizer_Group_LLC__385607_7.pdf.