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Hawaii Orders Unauthorized Health Insurer To Post Bond

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NU Online News Service, Nov. 9, 2:28 p.m. – Hawaiian insurance regulators say they have ordered TRG Marketing L.L.C., Indianapolis, an unauthorized health insurer, to post up to $6 million in bonds to forestall further regulatory action.

A preliminary federal audit found that TRG has sold its plans to 795 small employers in 33 states, but the audit failed to find any financial records or actuarial studies supporting the premiums charged, regulators say.

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TRG has never applied to state regulators for permission to sell insurance as an admitted carrier in Hawaii, regulators add.