DEPAWIX HEALTH RESOURCES, INC.
|Company Demographic Information|
|Name of Company:||DEPAWIX HEALTH RESOURCES, INC.|
|Case Number:||2011 1091|
|Type of Coverage:||Unauthorized Insurer|
|State of Domicile:||Florida|
|Status of Receivership:||Closed|
|Important Receivership Dates|
|Date of Show Cause:||May 28, 2011|
|Date of Rehabilitation:||N/A|
|Date of Liquidation:||June 11, 2013|
|Policy Cancellation Date:||June 11, 2011|
|Claims Filing Deadline:||June 11, 2014|
|Date of Discharge:||October 31, 2014|
Notice of Receivership
Depawix was incorporated in Georgia but not licensed there or in Florida. It issued health insurance in Florida without a Certificate of Authority. Despite the absence of any Certificate of Authority or any other authorization to transact insurance business in Florida, the Depawix companies engaged in the unlicensed and unauthorized transaction of insurance with consumers located in Florida, in violation of the Florida Insurance Code including, Sections 624.401 and 626.901, Florida Statutes. These companies marketed group and individual health insurance plans to small businesses and individuals, both directly and through licensed and unlicensed insurance agents under the guise of selling an employment opportunity with Depawix that provided medical benefits.
Pursuant to the information received from the Department of Financial Services, Division of Agents and Agencies, approximately 290 Florida consumers purchased insurance through Depawix. Each such transaction constituted the unauthorized transaction of insurance.
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