Regulators order NJ company to stop issuing auto warranties in Florida

Florida’s Office of Insurance Regulation has ordered that an automobile extended warranty company stop writing policies in the state while demanding it honor claims from policies already written.

The office said in a statement Tuesday that American Dream Auto Protect has been ordered to cease operating here after entering into agreements without a license or approval from the office.

Contact information for American Dream and its owner Moshe “Henry” Qubrusi were not immediately available. The company did not respond to a message on LinkedIn.

With the consent order signed Jan. 30 by Qubrusi and in place, OIR says American Dream, based in New Jersey, must continue to administer the warranties it sold and pay claims as well as allow consumers to cancel the warranties and get a refund.

It also demands the warrant company “notify consumers by sending them a copy of the consent order and publish the consent order on American Dream’s website to make sure consumers are aware.”

As of Tuesday afternoon, there did not appear to be a copy of the consent order on American Dream’s website.

And, despite the order, at least two people with the company were telling customers — as recently as Tuesday afternoon — that warranties were still available for purchase in Florida.

After filling out a “get a quote” form on the American Dream Auto Protect website, which included a Tampa zip code as a place of residence, the company called twice — once from a Brandon phone number. Both callers, who identified themselves as company employees, said American Dream Auto Protect was still allowed to write policies in Florida.

And when an employee answering calls at the company’s 800 number was asked if American Dream sold warranties in Florida, he said, “Yes, of course.”

An OIR spokesperson says in a statement that giving a quote via a call center does not violate the consent order and that the company has not violated the terms of the order “until such time as money has exchanged hands and a contract is bound.”

The spokesperson added that it’s likely the employees were not up to date on what has happened between the company and the state.

“If this practice continues or we have documentation that the company is continuing to sell warranties in Florida, in direct violation of the consent order, the OIR will act to the fullest extent to which it is able,” the spokesperson says.

Three attorneys listed as working for American Dream on the consent order did not respond to a request for comment. 

According to the consent order, OIR was notified July 1, 2024, of allegations American Dream was doing business in the state without a required license. Two months later, in September, it was told American Dream was applying for the license and would stop working in the state until it came through.

The company applied for the license Oct. 1.

But on Nov. 13, OIR was informed that the liability insurance carrier required by law to back the company withdrew its policy and on April 1, 2025, the application expired.

According to a cease and desist complaint filed against American Dream in June, the New Jersey company had 894 contracts with $2.23 million active premiums in place as of August 2024.

In Tuesday’s statement and the consent order, OIR says American Dream currently has 600 contracts in force with 80% set to expire within the next 18 months after it “unsuccessfully attempted to sell the remaining books of business.”

With the consent order in place, OIR says American Dream must continue to administer the warranties it sold and pay claims as well as allow consumers to cancel the warranties and get a refund.