Assurance IQ TCPA Settlement – Claim Deadline, Payout Amount, Eligibility 

By Niks

Updated on:

Assurance IQ TCPA Settlement

Assurance IQ consented to a $21.875 million TCPA settlement to end the class action case, but it hasn’t admitted any misconduct. By Wednesday, July 31, 2024, at the latest, you must send in your completed paper Claim Form or submit it online. Tuesday, September 3, 2024, is the day set aside for the Final Approval Hearing. 

Assurance IQ TCPA Settlement

Assurance IQ is an online marketplace for health insurance quotations from various insurance companies. Assurance IQ consented to a $21.875 million TCPA settlement to end the class action case, but it hasn’t acknowledged any misconduct.

 

Class members are eligible to receive an equal portion of the net settlement amount by the terms of the Assurance IQ settlement. The amount of each payment will vary based on how many legitimate claims are submitted. There are currently no payment estimations available.

 

July 31, 2024, is the cutoff date for objections and exclusions. September 3, 2024, is the date of the Assurance IQ TCPA Settlement’s final approval hearing. Class members must file a proper claim form by July 31, 2024, to qualify for an Assurance IQ settlement payout.

Assurance IQ TCPA Settlement Amount

While agreeing to a $21.875 million TCPA settlement to end the class action litigation, Assurance IQ has not acknowledged any wrongdoing. A proportionate part of the net settlement amount is available to class members by the terms of the Assurance IQ settlement. 

 

The number of legitimate claims submitted will determine the payment amounts. We do not currently have any payment estimations available. Should the Settlement be ultimately approved by the Court, Assurance IQ will establish a $21,875,000 fund. You may get a portion of this money if you turn in a legitimate Claim Form. 

 

Class Counsel projects that the amount will be divided among participating Settlement Class Members at a rate of around $167 to $33. Depending on how many Settlement Class Members choose to join in the Settlement overall, each participating member’s portion of the fund may be more or smaller. 

How to Claim for Assurance IQ TCPA Settlement?

To file a claim for the Assurance IQ TCPA settlement, follow these steps:

 

  • Ensure you received unsolicited telemarketing calls from Assurance IQ without prior express consent during the specified period.
  • Go to the official settlement website https://www.assurancetcpasettlement.com/ provided in the settlement notice.
  • Fill out the online claim form with the required details, including your contact information and details of the unsolicited calls received.
  • Submit the completed claim form online before the specified deadline.
  • After submission, you will receive a confirmation and any further instructions regarding your claim.

Assurance IQ TCPA Settlement Eligibility

People who, between October 1, 2018, and March 6, 2024, received phone calls from Assurance IQ in which the voice was artificial or prerecorded. To be eligible for compensation under the Assurance IQ TCPA settlement, 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 within the specific time frame outlined in the settlement agreement.
  • Autodialed Calls: The calls in question should have been placed using an automatic telephone dialing system (autodialer) or included prerecorded voice messages.

Implications of the Assurance IQ TCPA settlement

For Consumers

  • The Assurance IQ TCPA settlement had significant implications for consumers. 
  • First and foremost, it provided financial compensation to those who were affected by the unsolicited calls. 
  • This compensation not only addressed the inconvenience and disruption caused by the calls but also served as a deterrent to other companies considering similar practices.
  • Additionally, the settlement’s requirement for Assurance IQ to change its business practices and improve its compliance mechanisms was a positive step for consumer protection. 
  • These changes aimed to prevent future TCPA violations and to ensure that consumers’ rights are respected in the future.

 

For Businesses

  • The Assurance IQ TCPA settlement also sent a strong message to other businesses engaged in telemarketing. It underscored the importance of complying with the TCPA and obtaining prior express consent before making telemarketing calls. 
  • The substantial financial settlement and the requirement for business practice changes highlighted the potential consequences of violating the TCPA.
  • Businesses in the telemarketing and direct-to-consumer industries took note of the settlement, recognizing the need to review and, if necessary, revise their practices to avoid similar legal challenges. 
  • The case served as a reminder of the importance of robust compliance programs and the potential risks associated with non-compliance.

 

Legal and Regulatory Landscape

  • The Assurance IQ TCPA settlement contributed to the evolving legal and regulatory landscape surrounding telemarketing practices. 
  • It highlighted the ongoing relevance and enforcement of the TCPA, even decades after its enactment. 
  • The case also demonstrated the willingness of regulators and courts to hold companies accountable for violating consumers’ rights.

Leave a Comment