Montana Insurance Commissioner Lindeen Leads Effort To Set Up Health Insurance Exchange

csimt 2010, Insurance, Press Release

Commissioner of Securities and Insurance Monica J. Lindeen is applying for federal funding for the planning and establishment of American Health Benefit Exchanges (“Exchanges”). Beginning in 2014, Exchanges will be set up to provide a competitive insurance marketplace where individuals and small businesses can buy affordable and qualified health benefit plans.

Montana Insurance Commissioner Lindeen Applies For Grant To Secure More Funding To Help Insurance Consumers

csimt 2010, Insurance, Press Release

Commissioner of Securities and Insurance Monica J. Lindeen is applying for federal funding to strengthen consumer assistance as a part of the federal health reform law. The funds will enhance services provided by CSI to help consumers enroll in the health plan that fits their needs, educate consumers about different plans and their rights as consumers, and track complaints and appeals.

Arthur Heffelfinger Pleads Guilty to Operating a $1.7 million Ponzi Scheme and Theft

csimt 2010, Press Release, Securities

Monica J. Lindeen, Commissioner of Securities and Insurance (CSI), announced today that Arthur Leroy Heffelfinger has pled guilty in Lewis & Clark County District Court to Operating a Ponzi Scheme, a felony, and Theft, also a felony. Heffelfinger was charged in January 2010 with three felonies – operating a ponzi scheme, theft, and exploitation of an older person. His trial for the charge of exploiting an older person will be set for sometime this Fall.

New Program For The Uninsured Begins In Montana

csimt 2010, Insurance, Press Release

Montanans with pre-existing conditions who are seeking affordable, high-quality health benefits are strongly encouraged to contact the Montana Comprehensive Health Association (MCHA), which will begin accepting applications for the Montana Affordable Care (MAC) plan, a new federal high risk health insurance pool program that is part of the federal health care reform law.

Lindeen Reaches Settlement With NEXT For Allegations Of Unsuitable Investment

csimt 2010, Press Release, Securities

Montana Commissioner of Securities and Insurance Monica J. Lindeen today announced a settlement with NEXT Financial Services, a broker-dealer firm located in Houston, Texas, and the company’s salesperson from Casper, Wyoming, Gary Falber.† In early May 2010, Lindeen issued a Cease and Desist Order and Notice of Proposed Agency Action against NEXT Financial and Falber alleging multiple violations of the Montana Securities Act.

Goldman, Sachs, LLC. Pays $75,000 fine to Montana

csimt 2010, Press Release, Securities

Commissioner of Securities and Insurance, Monica J. Lindeen, today announced a settlement with Goldman, Sachs Inc. Under the agreement, Goldman Sachs has agreed to immediately repurchase from Montana investors the $25,650,000 in auction rate securities it sold before the market for the securities froze in February 2008. Goldman Sachs will also pay a $75,000 fine that will be deposited to the state’s general fund.

Lindeen Offers Information Regarding Flood Insurance

csimt 2010, Insurance, Press Release

Heavy rain around the state has brought much-needed moisture, so much that in several places it has also brought flood warnings. Commissioner of Securities and Insurance Monica J. Lindeen encourages Montanans to review your homeowner insurance policies to determine if you have flood insurance and offered advice on filing claims.