Business ProfileforEquis Financial LLC

On December 19, 2022, the business entered into a Consent Order with the South Dakota Division of Insurance.  The Consent Order settles allegations that the business sent mailers to South Dakota consumers that contained misleading and deceptive information in violation of SDCL §§ 58-33-5; 58-33-6; 58-33A-10; and ARSD 20:06:10:03; ARSD 20:06:10:04; ARSD 20:06:10:14(1)(4).

Under the terms of the Consent Order, the business agreed to:

- Pay a monetary penalty in the amount of $17,000 to the South Dakota Division of Insurance.
- Conduct itself in accordance with the insurance laws and regulations of the State of South Dakota.

The Consent Order was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.

On June 17, 2021, the business entered into a Consent Order with the Texas Commissioner of Insurance.  The Consent Order settles allegations that the business violated:
- Tex. Ins. Code § 514.052(b)(2) and 28 Tex. Admin. Code § 21.103 by making and circulating an insurance advertisement or solicitation before the public that had the capacity or tendency to mislead or deceive.
- Tex. Ins. Code § 4001.252(b)(1)-(2) by failing to timely file the biographical information for each of its officers and directors administering its operations in Texas, and for its controlling shareholders.
- Tex. Ins. Code § 4001.252(c)(3) by failing to timely notify TDI of the addition or removal of an officer, director, member, or manager.

Under the terms of the Consent Order, the business agreed to pay an administrative penalty of $34,000 to the Texas Department of Insurance.

The Consent Order was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.