Southeast News
Mississippi Gets $400,000 in Insurance Deal
Insurance Commissioner Mike Chaney says Mississippi is part of a multistate settlement agreement with HealthMarkets, Incorporated and its affiliated insurance companies.
Advertisement
Chaney says the state will receive $400,000.
Chaney says 48 states, the District of Columbia, Guam and Puerto Rico are all part of the settlement that resulted in a $20 million fine being levied against HealthMarkets.
The settlement comes after a three-year probe that found multiple problems involving consumer disclosure, oversight and training of agents, claims handling and complaint-handling practices. HealthMarkets faces up to $10 million in additional penalties if it fails to meet performance standards outlined in the settlement.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Comments? Click here to post a comment about this article