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Company: Freelancers Consumer Operated and Oriented Program of New Jersey, Inc.
Penalty: $400,000
Year: 2014
Date: October 20, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Respondent failed to issue contracts to its individual and small employer policyholders containing the text of the standard individual and small employer plans, provided contracts with inaccurate text, submitted inaccurate certifications of compliance, posted summary of benefit and coverage forms with inaccurate information, did not provide a grace period to certain individuals, and did not submit or utilize a declaration of understanding of a high deductible health plan.
Level of Government: state
Action Type: agency action
Agency: New Jersey Department of Banking & Insurance
Civil or Criminal Case: civil
Facility State: New Jersey
Facility City: Newark
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