Startup Zenefits Under Scrutiny For Flouting Insurance Laws - BuzzFeed News



Startup Zenefits Under Scrutiny For Flouting Insurance Laws - BuzzFeed News

Your Post Has Been Launched! Fabulous! Don't forget to share with your friends on Twitter and Facebook. Startup Zenefits Under Scrutiny For Flouting Insurance Laws The $4.5 billion startup allowed salespeople to act as insurance brokers in at least seven states despite lacking the licenses to do so. Zenefits founder Parker Conrad speaks at a conference in New York in 2013. Brian Ach / Getty Images ID: 7429632 The Silicon Valley startup Zenefits, valued at $4.5 billion in a funding round earlier this year, apparently flouted insurance laws by allowing unlicensed brokers to sell health insurance — an approach that has led to at least one regulatory inquiry into the legality of its operations. Zenefits, a middleman in the health insurance business, has repeatedly failed to enforce legal requirements that anyone selling a health insurance policy have an appropriate state license, a BuzzFeed News investigation has found.

Read full article from Startup Zenefits Under Scrutiny For Flouting Insurance Laws - BuzzFeed News


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