NU Online News Service, May 18, 6:57 p.m. EDT--Florida regulators today ordered American International Group to turn over information concerning its admitted financial misrepresentations or risk losing its license to conduct business in Florida.
"The AIG companies must report on the nature and extent of these misrepresentations and identify and remove any parties culpable in this matter," the Florida Office of Insurance Regulation order stated.
The order also requires AIG to file, by July 1, true and correct financial statements for the years of 2000 through 2005 for all AIG entities licensed in Florida.
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