November 10, 2017

CT insurance watchdog probes NY broker

HBJ PHOTO | Matt Pilon
HBJ PHOTO | Matt Pilon
Insurance Commissioner Katharine L. Wade.

Connecticut regulators are investigating a New York insurance broker who is under a cease and desist order by the U.S. Department of Labor over alleged employer health plan violations.

Employers Network Association Inc. (ENA), doing business at 20 Madison Ave. in Valhalla, N.Y., has not obtained the proper license to market insurance in Connecticut and "may be operating illegally," according to Connecticut Insurance Commissioner Katharine L. Wade. She cited the DOL's cease and desist order, dated Nov. 6.

"It is important that brokers who may be solicited by this company to sell insurance on its behalf be aware of the situation," Wade said. "The department is investigating and we urge brokers and consumers with information, questions or concerns to contact the department."

Marketing insurance without the proper license can lead to penalties and sanctions under state law. And any person who assists, even indirectly, an unauthorized business or individual in the sale of insurance can be held liable for the full amount of any claim or loss owed to a policyholder, Wade said.

Comments

Type your comment here:

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll Would an Aetna-CVS merger be good for Hartford?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media