Jericho Share Ceases NY Operations for Selling Unlicensed Health Insurance

The New York State Department of Financial Services (NYSDFS) has announced that Jericho Share will cease all operations within New York State due to the sale of unlicensed health insurance plans. Acting Superintendent Kaitlin Asrow stated that the company has agreed to this cessation following an investigation by the department. This action aims to protect consumers from potentially fraudulent or inadequate insurance coverage.

This enforcement action means Jericho Share can no longer market, sell, or service any health insurance products in New York. Consumers who may have purchased or been solicited by Jericho Share are advised to contact the NYSDFS for guidance and to report any concerns. While specific penalties are not detailed in this announcement, the cessation of operations represents a significant regulatory consequence for operating without proper licensing.