Louisiana Department of Insurance Issues Cease and Desist Orders
Louisiana Department of Insurance’s Fraud Section Investigators served Amerian Trade Association, its 13 companies and 14 personnel with cease and desist orders on Monday.
The orders were issued to the company for selling unauthorized insurance in Louisiana.
Investigators issued the orders to American Trade Association, Inc., the Indiana and Tennessee corporations; Smart Data Solutions, LLC; Real Benefits Association; Serve American Assurance, Ltd; Beema-Pakistan Company, Ltd.; Healthcare America; Integrated Health Plan, Inc.; National Association of Business Leadership, LLC and/or Inc.; Benefit Plan Administration; Insurance Resource Group; CEO Clubs, Inc. (and CEO Club Benefits); Star Group U.K., Ltd.; aka Phoenix Insurance Company; Association for Independent Managers (AIM Health Plans, Inc.); Bart S. Posey; Angie Posey; Obed W. Kirkpatrick, Sr.; Linda Kirkpatrick; Richard H. Bachman; Kirsty Wright; Colin J. Youell; David L. Clark; William M. Worthy, II; Ryan Adams; Tina Bennett; James Sean; Patrick Collins and Phillip Sylverin.
All individuals and entities issued a cease and desist order have 30 days of receipt of the order to furnish the Department with a complete listing of all Louisiana residents and buinesses that purchased any insurance or discount plan product from them and report to the Department all premiums recieved in connection. The order also instructs them to notify any affected Louisiana customer of the order and issue an immediate refund of any monies or premiums held on behalf of the customers.
If any entity or individual fails to comply with the order, further administrative action may be taken. Furthermore, if they continue to act in derogation o the laws of the state, they may be subject to an injunctive order and additional sanctions from the appropriate state district court.
The order encompassed the engagement in or transactions of unauthorized insurance business, soliciting, offering, issuing, mailing or delivering any Louisiana resident a plan, policy, coverage, certificate or any other contract which purports to provide insurance benefits or medical discounts for health benefits.
Commissioner Donelon urges consumers who feel uneasy about any insurance related transaction to call the Department of Insurance Fraud section at 225-342-4956 or 1-800-259-5300. Anonymity can be provided upon request that their involvement be kept confidential.