South Dakota Insurance Division Director Merle Scheiber has ordered a company offering medical benefits insurance plans in the state to stop the practice.
A temporary cease and desist order has been issued against Real Benefits Association by the South Dakota Department of Revenue and Regulation, Division of Insurance.
Scheiber said Real Benefits Association is not licensed to offer any insurance products in South Dakota.
On May 18, 2010, the Division of Insurance ordered Real Benefits Association, along with Serve America Assurance LTD, Beema-Pakistan LTD, and Viking Administrators, to stop transacting insurance business in South Dakota.
Those entities are not licensed health insurers or licensed discount medical plan organizations in South Dakota and are not authorized to sell health insurance or discount medical plans in South Dakota, the division’s announcement stated.
Source: South Dakota Division of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Business Interruption Claims Arising From the Middle East Conflict 
