Maryland insurance regulators have ordered American Trade Association and its subsidiaries to stop selling what they called bogus health insurance, according to an administrative order.
Kansas has become the fourth state this year, and the latest state over the last couple of years, to order several Tennessee-based companies to stop selling its products to residents.
Insurance regulators in both Oklahoma and Washington state have issued sanctions against companies they say are illegally selling health coverage in their states.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.