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State commerce department reaches settlement with company that sold ‘deceptive’ health plans
Strategic Limited Partners must stop operations, pay claims, and a $290,000 penalty after selling unauthorized plans to over 1,700 Minnesotans, the Department of Commerce said.
- The Minnesota Department of Commerce has reached a settlement with Strategic Limited Partners, LP, for selling unauthorized and deceptive health coverage to Minnesotans.
- The settlement requires Strategic Limited Partners to cease all insurance-related operations in Minnesota by the end of the year and pay all outstanding claims to consumers.
- The company sold unauthorized health plans to over 1,700 Minnesotans, misleading some into believing they were speaking with a MNsure representative.
- Consumers later learned their health care providers would not accept the coverage, often resulting in denied claims and unexpected medical bills.
15 Articles
15 Articles
Minnesota Commerce Department kicks unlicensed insurance seller out of state
After finding that an unlicensed company was selling “unauthorized and deceptive health coverage” to Minnesotans, the Minnesota Department of Commerce’s Enforcement Division has settled with the company, requiring it to leave the state’s insurance market. The settlement agreement with Strategic Limited Partners LP requires the company to “cease all insurance-related operations in Minnesota” by the end of the year and pay all outstanding claims t…
Duluth News Tribune
State commerce department reaches settlement with company that sold ‘deceptive’ health plans
ST. PAUL — After finding that an unlicensed company was selling “unauthorized and deceptive health coverage” to Minnesotans, the Minnesota Department of Commerce’s Enforcement Division has settled with the company, requiring it to leave the state’s insurance market. The settlement agreement with Strategic Limited Partners, LP requires the company to “cease all insurance-related operations in Minnesota” by the end of the year and pay all outstand…
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