DEARBORN, MI – LANSING – The Michigan Department of Insurance and Financial Services (DIFS) has summarily suspended the licenses of father and son insurance agents Ali Ali and Adnan Ali-Aljadri and their insurance agencies AAS and ASA for violating numerous provisions of the Michigan Insurance Code. Both agencies are located at 13112 W. Warren Ave., Suite 5, Dearborn, MI 48126.
After receiving a complaint regarding Ali’s and Ali-Aljadri’s business practices, DIFS opened an investigation of the agencies and discovered the father and son agents were selling fraudulent insurance certificates for “one-day policies” and pocketing the fees collected for personal use.
The agents were selling a full-term policy and having customers sign a cancellation form which was used to cancel the policy the next day. DIFS notes that “one day policies” are not approved for use in Michigan. Both father and son have been convicted of criminal offenses.
“Through our investigation, it became clear that Ali and Ali-Aljadri have not complied with state insurance laws which were put in place to protect consumers,” said DIFS Director Ann Flood.