New York regulator has fined the startup $1.2 million for selling health benefits without adequate licensing. Zenefits, a health benefits broker, has been hit with a $1.2 million fine by the financial services regulator in New York. The penalty was issued for allowing unlicensed insurance agents to advise, negotiate and sell health insurance policies. This is only the most recent regulatory strike against the software startup and is likely to be a painful one. Zenefits is no stranger to being accused of unlicensed insurance activities. The first of these issues…
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