Posts Tagged ‘Florida Insurance Commission’

Florida’s Insurance Commissioner Orders Companies to Cease and Desist the Unauthorized Sale of Health Insurance Products

Monday, June 28th, 2010
TALLAHASSEE, Fla. – On June 24, 2010, Florida Insurance Commissioner Kevin McCarty announced that the Florida Office of Insurance Regulation (Office) has issued a Final Order to a dozen entities, including companies and their officers, for the unauthorized sale of health insurance products in Florida. The Office issued the Order after sending a previous Order to each of the named individuals and entities in February, requiring them to Cease and Desist from engaging in the unauthorized transaction of insurance. These individuals and entities include:
 
Beema-Pakistan Company LTD., Serve America Assurance LTD., William Worthy II, Real Benefits Association, David L. Clark, Affinity Group Benefits Association Inc., American Trade Association Inc., Smart Data Solutions L.L.C., SDS Management Group, Bart Posey, Richard Bachman, and Obed Kirkpatrick.
 
The Office initiated an investigation after receiving numerous complaints about “fax blasts” or unsolicited faxes advertising inexpensive health insurance coverage. According to some Florida consumers, the policies issued were not for major medical insurance coverage as represented. Instead, the policies were for unauthorized limited benefit plans.
“This unauthorized activity misled thousands of Florida consumers,” said Insurance Commissioner Kevin McCarty. “We will not tolerate the unlicensed and unauthorized sale of insurance products in our state.”
  
All but two of the aforementioned individuals and entities failed to respond to the previous order and waived their rights to any further proceeding.  Real Benefits Association and David L. Clark responded to the initial order but did not dispute the Office’s findings. The individuals and entities involved could face thousands of dollars in fines if they violate the Final Order. Under Florida law a person or entity may not transact, administer, or market insurance products either in the State of Florida or from the State of Florida unless authorized by the Office.
 
American Trade Association Inc., Smart Data Solutions L.L.C., and Service America Assurance LTD., are in the process of  liquidation proceedings in the State of Tennessee.
 
Consumers may determine if a health insurer is licensed in Florida by visiting the Company Search tool on www.floir.com.
This information was obtained by the Florida Office of Insurance Regulation’s website.
 
Soreide Law Group will represent you in front of the Florida Office of Insurance Regulation.  To speak to a lawyer regarding licensing issues please call: (888) 760-6552, or visit our website at: www.floridaprofessionallicense.com.

Florida Insurance Commissioner Orders Several Companies and Individuals to Cease And Desist the Unauthorized Sale of Health Insurance Products

Monday, March 29th, 2010
TALLAHASSEE, Fla. - Florida Insurance Commissioner Kevin McCarty announced recently that the Florida Office of Insurance Regulation (Office) has issued an order to a dozen entities, including the following companies and their officers, for the unauthorized sale of health insurance products to approximately 2,500 Floridians. The order notified the companies and their officers that the Office will issue a Final Order to Cease and Desist from engaging in the unauthorized transaction of insurance in Florida. These entities include:
 
Beema-Pakistan Company, LTD., Serve America Assurance, LTD., William Worthy II, Real Benefits Association, David L. Clark, Affinity Group Benefits Association, Inc. , American Trade Association, Inc., Smart Data Solutions, L.L.C., SDS Management Group, Bart Posey, Richard Bachman, and Obed Kirkpatrick.
 
The Office had initiated an investigation after receiving numerous complaints about “fax blasts” or unsolicited faxes; these faxes advertised inexpensive health insurance coverage. According to some Florida residents who received these faxes and responded, the policies issued were not for major medical insurance as represented. Instead, the policies were for unauthorized limited benefit plans.
 
“This order today should send a message to those considering the unauthorized marketing of health insurance products in our state,” remarked Commissioner McCarty. “The Office will vigorously prosecute anyone perpetrating fraud on Florida consumers and violating Florida’s insurance laws.””
 
The companies and individuals had 21 days to challenge the Office’s action.
 
Under Florida law a person or entity may not transact, administer, or market insurance products either in the State of Florida or from the State of Florida unless it is authorized to do so under a license issued by the Office.

Soreide Law Group will represent you in front of the Florida Office of Insurance Regulation.  To speak to a lawyer regarding licensing issues please call: (888) 760-6552, or visit our website at: www.floridaprofessionallicense.com.