The Pennsylvania Insurance Department has ensured payment of roughly $1 million in health claims that were never covered by insurance. The department broke up an insurance scheme by Nassau Trust (NEBT), a New Jersey company that posed as an insurer and sold nonexistent accident and health insurance policies to Pennsylvania employers. NEBT has since gone bankrupt.
Allstaffing Inc., a human resource services provider in Lansford that enrolled employers in NEBT plans, is under a cease-and-desist order from the Insurance Department. Gerber Life Insurance Company, which brokered NEBT policies through its agent Elite Brokerage Services, will pay related claims because Elite failed to ensure that NEBT was a licensed insurer.
Tip: Make sure every vendor that handles your insurance is licensed. Find out by visiting the Insurance Department’s website at www.insurance.state.pa.us and searching under “quick links.”
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/2918/bogus-company-prompts-question-are-you-sure-youre-insured "
- Don't think a successful workers' comp case lets you off the ADA accommodation hook
- How to comply with state's new Mental Health Parity Law
- New president, new Congress: 5 new employment laws could reshape HR
- Don't fear personal liability for some firings
- When does 50 not equal 50? FMLA coverage versus FMLA eligibility