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Insurance regulatory action of the day: HealthMarkets Inc

Thu, 2008-07-24 15:41 — DCblogger

HealthMarkets Inc., fined $20M for lax practices

The three-year examination involved 29 states and was helmed by Washington State insurance commissioner Mike Kreidler and Alaska insurance director Linda Hall.

The companies targeted sales to self-employed individuals and sold health plans through associations.

Often, the agent or company did not adequately explain the health benefits.

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