Selling unlicensed products now a felonyBy Greg Groeller Business Correspondent Sun-Sentinel October 1, 2002 Insurance agents who sell medical policies underwritten by unlicensed insurance companies could be charged with a felony under a Florida law that takes effect today. The Florida Department of Insurance has received dozens of complaints from consumers who have been duped into buying health insurance issued by carriers that are not licensed by the agency to do business here. Because such carriers are not regulated, the state is not obligated to cover any claims that the insurers fail to pay. As a result, in the past two years alone, 30,000 Floridians have been stuck with unpaid medical bills totaling $6 million, the agency said.
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