North Carolina Insurance Commissioner Jim Long Friday announced that a cease and desist order - levying two fines worth $390,000 - was issued against American Benefits and Insurance Services, Inc. of Salt Lake City.
According to the order, American Benefits provided workers compensation coverage for at least 39 North Carolina employers without being properly licensed by the Department of Insurance (DOI). American Benefits and its president, Talmage Pond, were both fined $195,000 each and ordered to cease doing any insurance business in the state without first complying with North Carolina'...
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