$20 million fine levied against Mega Life and Health and HealthMarkets affiliates

Rhode Island has joined 47 other states in a $20 million national settlement against HealthMarkets, Inc. and its affiliated companies, MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company, and Chesapeake Life Insurance Company. The settlement follows a three-year investigation, which found multiple problems with HealthMarkets operations, including its consumer disclosure, oversight and training of agents, claims handling, and complaint handling practices..

For more information please see the following press release:

     2008 MEGA multistate press release final