State shuts down insurance company
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Posted 8:32PM on Thursday 23rd May 2002 ( 23 years ago )
HARRISBURG, PENNSYLVANNIA - The state Insurance Department has ordered the shutdown of a company that sold medical and hospitalization coverage to independent truckers and others in the transportation field. <br>
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The O.T.R. Truckers Association Inc., a Pennsylvania domestic company, and Over the Road Truckers Healthcare Fund of Georgia collectively known as OTR were never licensed or authorized to transact business in Pennsylvania, the state said. <br>
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``We've closed down their operations in Pennsylvania because we believe they could do irreparable harm to consumers,'' said Insurance Commissioner M. Diane Koken. <br>
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At least 53 state residents participated in the OTR plan, which had offices in East Norriton and Plymouth Meeting, outside Philadelphia.
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