The state will receive more than $700,000 as the result of two separate investigations by the Department of Financial Regulation.
The health insurance benefits provider Cigna Behavorial Health will pay $392,000 to settle allegations that it used unlicensed mental health review agents to make decision regarding patient care and reimbursement, according to a news release from DFR.
DFR Commissioner Susan Donegan said Cigna has taken corrective actions, and will provide additional training for employees.
In an unrelated case, UBS Financial Services agreed to pay the state $325,000 over claims that it failed to properly supervise the employees at its South Burlington office.
The release said UBS violated internal policies and procedures relating to investment strategies and the opening of new accounts in its South Burlington location. Donegan said UBS also agreed to take corrective action.
