Colorado Says Nebraska Insurer Pays $153,000 Fine

September 22, 2010

Colorado regulators say World Insurance Co. of Omaha, Neb., has paid a $153,000 fine after it was accused of not providing benefits it promised.

The state Division of Insurance said that, among other things, the company didn’t cover procedures it pre-authorized, didn’t cover some organs or body systems, and classified some activities such as snowmobiling and skiing as high risk and excluded from coverage.

The state says World Insurance paid the fine plus a surcharge of $7,500 for outreach and education on Sept. 9.

A spokeswoman for the company didn’t immediately return a call from The Associated Press.

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