Arkansas Insurance Commissioner Jay Bradford has suspended the non-resident business entity producer’s license of Cinergy Health Inc. pending the outcome of an administrative hearing scheduled for March 11, 2010, at the Arkansas Insurance Department.
Arkansas regulators said that Cinergy Health Inc., headquartered in Florida, identifies itself on its Web site as a nationwide provider of innovative and affordable health insurance solutions.
The insurance department reported, however, that investigation into Cinergy Health by the Florida Department of Financial Services resulted in an administrative complaint being filed alleging the company produced and marketed television advertisements for limited health insurance plans underwritten by American and Medical Life Insurance Company (AMLI), a life and health insurer.
According to the Florida complaint, AMLI has had no association with Cinergy Health Inc. since August of 2009 when it put Cinergy on notice to immediately cease selling any AMLI products and to terminate any advertising related to ALMI products.
Bradford said it is not currently known whether “any Arkansas insurance consumers have purchased any products from the company.”
Florida found that the advertisements produced and marketed by Cinergy contained false and misleading information concerning the health coverage to be provided.
Anyone who may have purchased a product from Cinergy Health, Inc. is asked to contact the Arkansas Insurance Department’s Legal Division at 501-371-2820 in order to determine whether what they have is a legitimate policy.
Source: Arkansas Insurance Department
Was this article valuable?
Here are more articles you may enjoy.