Wednesday, January 12, 2011

Idaho Department of Insurance to Texas Insurer: Cease and Desist

Posted By on Wed, Jan 12, 2011 at 11:50 AM

A Texas-based insurer has been told to either properly license in Idaho or stop doing business here.

A hearing officer for the Director of the Idaho Department of Insurance ordered Altrua Healthshare to cease and desist operations in the Gem State. Atrua calls itself a faith-based health-care membership organization, but the DOI determined that the company indeed issued insurance contracts and must conform to the requirements of Idaho law.

Altrua must give its Idaho members 60 days advance notice of termination of membership. To continue doing business, the Austin, Texas company must file for, and receive, a certificate of authority from the Department of Insurance to become a licensed entity in Idaho.

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