Aetna could be penalized for selling insurance without authorization

Health insurer Aetna did not have authorization from the North Carolina Department of Insurance when it sold policies to an estimated several hundred residents in the state, according to The News & Observer.

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The DOI has now approved the policies, but is looking into whether it should fine or penalize Aetna, which self-reported the infraction, for marketing insurance polices without authorization, according to the report.

Insurance department spokeswoman Kerry Hall told The News & Observer that the state agency is gathering information, but”there is no evidence this was purposefully done to skirt the regulation.”

In a statement, Aetna said changes to its plans were minimal and applied only to a handful of small groups with effective dates in January 2015 and February 2015.

The insurer added, “We appreciate the DOI’s prompt attention and approval, which allowed us to administer the plans as advertised, and without any impact to our members.” 

 

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