State officials have ordered Benefit Management Administrators, Inc. (BMA), a Caledonia-based insurance agency, and its owner, N. Henry Bledsoe, to cease and desist from selling fraudulent life and health care policies.
The state Office of Financial and Insurance Regulation received information that BMA sold life and health insurance that it claimed were fully insured to Michigan consumers when in fact, there was no underlying insurance. BMA was conducting business as the insurer for these health and life products it sold without the knowledge of its customers and without the appropriate certification as an insurer required by Michigan law.
“Any Michigan consumer who purchased life or health insurance policies from Benefit Management and Henry Bledsoe should contact our agency immediately to see if they have proper coverage,” OFIR Commissioner Ken Ross said.
Consumers can contact OFIR toll-free at 877-999-6442.
Before purchasing life and health insurance, verify whether an insurance agent is licensed in Michigan and is appointed by an insurance company licensed to do business in the state by calling OFIR toll-free at 877-999-6442.
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