Insurance Agency Pulls Taxis, Limos Off Street
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From Times Wire Reports
Thousands of taxis and limousines were taken off the streets because the companies that owned them were sold millions of dollars in what authorities said were bogus insurance policies.
A cease-and-desist order was issued against two businesses that allegedly sold the fake policies to more than 150 companies throughout the state.
Georgia Insurance Commissioner John Oxendine said in Atlanta that even though the vehicle owners thought they were obeying the law, the taxis and limos must be pulled off the road until they can be legally insured.
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