The South Florida Business Journal (8/27) reported, "Florida's insurance commissioner on Wednesday issued a final cease and desist order to three companies found to be engaged in the unauthorized sale of insurance products." The companies, Peck & Peck, Depawix Health Resources, and Green Cross Managed Health Systems, were found to have marketed "group and individual health insurance plans to small businesses and individuals, both directly and through licensed and unlicensed insurance agents, under the guise of selling an employment opportunity with Depawix." The cease and desist order said, "Green Cross calls itself a managed health system that purportedly provides health insurance to Florida consumers by placing them in part-time jobs with Depawix as a tester of the Green Cross process of medical care." The order also stated that employees were "paid a certain amount of money each month, much of which is kept by Depawix to pay for insurance coverage."
As reported in recent blogs here on the Injury and Insurance Blog, Missouri and Illinois have also recently taken pro policyholder positions by preventing an insurance company who did not follow fair claims practices. While this is good, there is still much work to do, and Insurance Commissions must do a better job of stopping unfair insurance company practices involving sales and claims.
As reported in recent blogs here on the Injury and Insurance Blog, Missouri and Illinois have also recently taken pro policyholder positions by preventing an insurance company who did not follow fair claims practices. While this is good, there is still much work to do, and Insurance Commissions must do a better job of stopping unfair insurance company practices involving sales and claims.
