Assurance IQ TCPA Settlement: Key Dates, Compensation Details, and Eligibility Requirements

Assurance IQ TCPA Settlement : Assurance IQ, an online platform for health insurance quotes, has agreed to a $21.875 million settlement to address a class action lawsuit over alleged violations of the Telephone Consumer Protection Act (TCPA). While Assurance IQ denies wrongdoing, the settlement aims to compensate consumers who received unsolicited telemarketing calls from the company.

This significant settlement underscores the importance of compliance with TCPA regulations and serves as a cautionary note for businesses engaged in telemarketing. Affected individuals must file their claims by August 31, 2024, with the final approval hearing scheduled for September 3, 2024. For more details on how to file a claim and eligibility criteria, visit the official settlement website.

Assurance IQ TCPA Settlement

Assurance IQ, an online marketplace for health insurance quotations, has agreed to a $21.875 million settlement to resolve a class action lawsuit alleging violations of the Telephone Consumer Protection Act (TCPA). While the company has not admitted any wrongdoing, the settlement provides financial compensation to affected consumers.

Key Dates to Remember

• Claim Form Submission Deadline: Wednesday, August 31, 2024
• Final Approval Hearing: Tuesday, September 3, 2024
• Objection and Exclusion Deadline: August 31, 2024

Settlement Details

Assurance IQ TCPA Settlement Amount

Assurance IQ has established a $21.875 million fund to be distributed among eligible class members. The amount each individual receives will depend on the number of valid claims submitted.

• Total Settlement Fund: $21,875,000
• Estimated Payout Per Participant: $167 to $33 (depending on the number of claimants)

How to File a Claim

To participate in the Assurance IQ TCPA settlement, follow these steps:

1. Verify Eligibility: Ensure you received unsolicited telemarketing calls from Assurance IQ without prior express consent during the specified period.
2. Visit the Official Settlement Website: Go to Assurance TCPA Settlement.
3. Complete the Claim Form: Fill out the online claim form with the required details, including your contact information and details of the unsolicited calls received.
4. Submit the Form: Submit the completed claim form online before the deadline.
5. Confirmation: After submission, you will receive a confirmation and any further instructions regarding your claim.

Eligibility Criteria

To qualify for compensation, individuals must meet the following criteria:

• Received Unsolicited Calls: You must have received telemarketing calls from Assurance IQ without providing prior express consent.
• Call Period: The calls must have been made between October 1, 2018, and March 6, 2024.
• Autodialed Calls: The calls should have been placed using an automatic telephone dialing system (autodialer) or included prerecorded voice messages.

Implications of the Settlement

For Consumers

The Assurance IQ TCPA settlement has significant implications for consumers:

• Financial Compensation: Affected consumers receive financial compensation for the inconvenience and disruption caused by unsolicited calls.
• Deterrent Effect: The settlement serves as a deterrent to other companies considering similar practices.
• Improved Business Practices: Assurance IQ is required to change its business practices and improve compliance mechanisms to prevent future TCPA violations.

For Businesses

The settlement also impacts businesses engaged in telemarketing:

• Compliance Emphasis: The settlement underscores the importance of complying with the TCPA and obtaining prior express consent before making telemarketing calls.
• Financial Consequences: The substantial financial settlement highlights the potential consequences of violating the TCPA.
• Industry Awareness: Businesses in the telemarketing and direct-to-consumer industries are reminded of the importance of robust compliance programs to avoid similar legal challenges.

Legal and Regulatory Landscape

The Assurance IQ TCPA settlement contributes to the evolving legal and regulatory landscape surrounding telemarketing practices:

• TCPA Relevance: The settlement highlights the ongoing relevance and enforcement of the TCPA, even decades after its enactment.
• Regulatory Accountability: The case demonstrates the willingness of regulators and courts to hold companies accountable for violating consumers’ rights.

Important Information Table

Aspect	Details
Total Settlement Fund	$21.875 million
Estimated Payout per Participant	$167 to $33 (varies based on number of claims)
Claim Form Submission Deadline	August 31, 2024
Final Approval Hearing	September 3, 2024
Eligibility Period	October 1, 2018 – March 6, 2024
Website for Claim Submission	Assurance TCPA Settlement

Conclusion

The Assurance IQ TCPA settlement is a significant development in the realm of consumer protection and telemarketing regulations. It provides financial compensation to affected consumers, enforces compliance with TCPA regulations, and serves as a cautionary tale for businesses engaged in telemarketing practices. By adhering to the terms of the settlement and improving business practices, Assurance IQ aims to prevent future violations and ensure consumer rights are respected.

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