Aetna Fined $1 Million For Insurance Violations
|Targeted News Service|
"All insurers must comply with state law, and most of them do," said Kreidler. "I hope that this fine and compliance plan resolves these problems with Aetna."
Among the violations:
Starting in 2005, Aetna issued health, disability or life insurance policies to more than 4,400 people that did not comply with state law. Among the violations:
The policies had not been filed for approval with
Also starting in 2005, the company issued health policies that did not include all
For more than three years, Aetna continued to sell a health policy that had been disapproved.
Starting in 2009, Aetna issued other health, disability and life policies that had not been filed with the state. Some of those health policies that did not include all
In 2010 and 2011, Aetna issued medical and dental plans for more than 100
The company has also agreed to a compliance plan designed to prevent similar problems in the future.
Fines issued by Kreidler's office do not go to the insurance commissioner's office. The money collected goes to the state's general fund.
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