Insurance company told to stop doing business in North Carolina
07 02 08 - 11:30
The state Department of Insurance said Thursday that it has ordered a scam insurance company to stop doing business in North Carolina.
A release from the department says it's issued a cease and desist order against the National Trade Business Alliance of America. The company, based in New Jersey, wasn't licensed to do business in the state and sold at least 123 people fraudulent insurance policies, Department of Insurance officials say.
"North Carolina is the latest state to be victimized by this so-called insurance company which has offered bogus health plans to unsuspecting citizens across the country," Insurance Commissioner Jim Long said in a written statement. "Marketed through blast faxes and telemarketing, this group preyed on those who were searching for low-cost health insurance. They left at least 123 North Carolinians out more than $20,000. Fortunately, we caught on to their scheme and have run them out of North Carolina before anyone else gets hurt."
The Department of Insurance encourages North Carolinians to call it at (800) 546-5664 before signing up for a policy they're not sure about.