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flag Strategic Limited Partners LP must exit Minnesota’s health market by year-end, pay $290K, and cover claims after selling deceptive plans to over 1,700 consumers.

flag The Minnesota Department of Commerce has settled with unlicensed insurer Strategic Limited Partners LP, requiring it to exit the state’s health insurance market by year-end and pay a $290,000 penalty, $250,000 of which is suspended. flag The company sold deceptive health plans to over 1,700 Minnesotans, some misled into believing they were dealing with MNsure, resulting in invalid coverage, denied claims, and unexpected medical bills. flag As part of the agreement, the company must cover all outstanding consumer claims. flag The department urges affected individuals to verify if they are owed money and to check insurer licensing before purchasing coverage, warning of risks during open enrollment.

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