CFO SINK ISSUES IMMEDIATE FINAL ORDER TO N.J.-BASED
NATIONAL TRADE BUSINESS ALLIANCE OF AMERICA, AFFILIATES |
Sink urges consumers to avoid doing business with any of the companies
Florida Chief Financial Officer Alex Sink announced the Department of
Financial Services has issued an Immediate Final Order against New
Jersey-based National Trade Business Alliance of America (NTBAA), National
Alliance Association (NAA) and several affiliates, ordering the entities to
stop the unauthorized sale of health insurance in Florida.
The department became aware of the unauthorized activities when consumers
began to complain about unpaid claims and problems getting premium refunds,
and the department’s Division of Agent and Agency Services, Bureau of
Investigation, launched an investigation.
“Floridians deserve the most ethical, upfront services from insurance agents
and agencies, and that is why Florida requires agents and agencies to be
licensed,” said CFO Sink, who oversees the department. “Any consumers who
have purchased coverage from these entities are urged to call my office.”
Nearly 800 Florida consumers have signed up for the health plans marketed by
these entities, which have been selling their unauthorized products in
Florida since at least August 2006. The agencies marketed the insurance via
blast facsimile and collected premiums by automatic bank withdrawals. The
marketing Web site for the entities is
Consumers can file a complaint or verify licensure of an insurance agency or
company by calling the department’s Consumer Helpline at 1-877-MyFLCFO or
logging on to www.MyFloridaCFO.com.
Neither NTBAA, nor NAA nor their president, Thomas J. Sullivan, has an
insurance agent license issued by the department. Similarly, neither
Affinity Health Plans nor National Alliance Healthcare, operating as the
affiliated insurance companies, has ever been granted a Certificate of
Authority from the Office of Insurance Regulation, which also issued an
Immediate Final Order. The department’s Order requires the entities to
provide a detailed list of the names, contact information and claims
information for all Florida policyholders within 10 days.