Selling Health Insurance in Massachusetts
An insurance unit of American International Group, the largest in New York agreed to pay restitution and a fine of $ 760,000 in selling health insurance products damaged in Massachusetts. Attorney General’s Office said. The United States Life Insurance Co., known as the U.S. Life is a subsidiary of AIG. This company sells products in Massachusetts such as mental health, maternity care, infertility treatment, mammography, Pap test screening, and care for children up to age 6 years.
In this case, the U.S. life would set aside $ 500,000 for return of premium, pay claims and pay a fine of U.S. $ 260,000 for the state. Yesterday, Coakley said that his office will continue to monitor the marketing and health insurance payments for people receiving benefits from their rights. Coakley also said that when the consumers of Massachusetts to purchase health insurance, they must feel confident that the value is in accordance with Massachusetts law.”
Mark Herr as a spokesperson for AIG said that we are committed to providing products and best services to our customers and agreed to restore the issues raised by the Attorney General for the affected policyholders.”
“AIG continues to do business in Massachusetts, although it has stopped selling certain products, which he did not specify, “Herr said. Coakley’s office filed a complaint with the civilians in Suffolk Superior Court because it alleges that the U.S. Life violated the Consumer Protection Act of Massachusetts. Coakley Breton as Amien’s spoken said that over the last few years, his office has brought five or six cases against national operators who sell policies without the benefits.
