A Fultondale, Alabama company that has reportedly marketed medical malpractice insurance to physicians and hospitals has been ordered to terminate all activities in Alabama, Commissioner Walter Bell announced.
The formal cease and desist order was filed against American Resource Trust of Fultondale.
“If you want to do business in Alabama, you must have a license to do business in Alabama,” Bell said. “It’s the same way in the other 49 states. We’ve had an issue with medical malpractice insurance in this state, and it appears this company is trying to take advantage of a tough medical malpractice market and illegally sell its policies.”
Bell also sent notifications to the Alabama Hospital Association and the Medical Association of the State of Alabama regarding the order.
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