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July 25, 2002 at 08:00 PM
NU Online News Service, July 25, 11:49 a.m. – The Florida Department of Insurance has issued a final order suspending the license of American Medical Security Group Inc., Green Bay, Wis., to operate in the state for one year.
The Florida department has accused American Medical, a company that sells major medical insurance to individuals and small groups, of violating its rating rules.
American Medical called the order an “abuse of regulatory discretion.” It says it will immediately file an appeal with a Florida state appeals court and ask the court to stay the department’s order.
