Fla. Dept. Seeks to Revoke Sarasota Agent’s License

August 22, 2003

The Florida Department of Financial Services has filed an administrative complaint against an area agent alleging that he sold bogus health insurance policies to at least six local businesses.

The complaint alleges that Bradley Beshore, 54, of Sarasota, sold policies for Meridian Benefit, reportedly an unlicensed insurance entity, currently in federal bankruptcy court in New Jersey. After purchasing the coverage, Beshore’s clients reportedly began incurring a total of over $1.2 million in unpaid medical bills since June, 2001. The department is seeking to revoke Beshore’s insurance agent license.

Beshore is affiliated with the insurance agency HRH of Sarasota. HRH and its affiliates are reportedly currently working to resolve claims from policies sold by Beshore for Meridian Benefit and have sent letters to affected policyholders.

Beshore has been licensed as a Life and Health, Property and Casualty, and Variable Annuity agent since 1994.

Since February 2001, the department has shut down 16 unlicensed entities and their various affiliates after receiving complaints about unpaid claims. In addition, the department has sought administrative action against 76 insurance agents.

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