Startup Zenefits Under Scrutiny For Flouting Insurance Laws
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.
Alden, William, "Startup Zenefits Under Scrutiny For Flouting Insurance Laws" (2015). In the News. 695.