COLUMBUS — Today, Ohio Department of Insurance Director Mary Jo Hudson announced that an earlier Cease and Desist order issued against The Beema Insurance Company of Pakistan has been made permanent.
A Department investigation revealed that The Beema Insurance Company did not have a license to sell insurance products in Ohio. Beema had allegedly underwritten health insurance policies facilitated by Association of Franchise and Independent Distributors (AFID) of Springfield, Ohio. The original Cease and Desist Order was issued in early June 2009.
AFID has already had a Cease and Desist Order filed against them by the Ohio Department of Insurance, who has referred the matter to Ohio Attorney General Richard Cordray for further investigation. The North Carolina Department of Insurance has already issued a cease and desist order against both entities as well.
Ohioans who have purchased insurance from the above entities are encouraged to contact the Department’s consumer services hotline at 1-800-686-1526. The Department’s staff can inform those affected of different options for purchasing insurance from a licensed company.
Ohioans who believe an agent or agency is committing fraud or misconduct should call the Department’s Fraud hotline, 1-800-686-1527. Information about agent fraud and misconduct can be found on the Department’s web site, www.insurance.ohio.gov.
Contact:
Jarrett Dunbar, Public Information Officer, (614) 644-2475