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I think the regulations for selling insurance are reasonable and necessary, but it looks like both Zenefits and Conrad will have benefited more from flouting th
by dimva 11y ago
I think the regulations for selling insurance are reasonable and necessary, but it looks like both Zenefits and Conrad will have benefited more from flouting them and getting caught than they would have if they followed the law from the beginning.
It doesn't bode well for regulation and our society in general when flouting the law has a higher return than following the law, even if you get caught.
- pc86 11y agoI get what you're saying and I agree with you, but what's the alternative? It's hard to justify a $5,000,000 fine or a multi-decade prison sentence for selling someone insurance without a license.
- acveilleux 11y agoThe fine is pretty easy to justify and is all that can be assessed against Zenefits the corporation. And since it's well funded, multi-million dollars would be warranted so the fine is substantial enough. It would be a lot more suprising to see them go after employees or look at prison unless there were agravating factors like actually defrauding the buyers with regards to the nature of the coverage.