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ARTICLE · 15 DECEMBER 2016

Recent Regulatory Obstacles And Potential Solutions For InsurTech Companies

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On November 23, 2016, the Washington Insurance Commissioner ordered Zenefits to cease providing free access to software, following a nearly two-year investigation that began in February 2015 . . .

United StatesInsurance
Shawn Hanson
Shawn Hanson
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On November 23, 2016, the Washington Insurance Commissioner ordered Zenefits to cease providing free access to software,1 following a nearly two-year investigation that began in February 2015 and a separate $100,000 fine in October 2016 for employing unlicensed producers to sell insurance in Washington.2

California-based Zenefits offers an online, cloud-based, software-as-a-service platform that integrates "apps" for the administration of human resources, payroll and employee benefits. The core HR apps, which include hiring and terminating employees, managing employee information, tracking employee paid time off, generating Affordable Care Act (ACA) filings, helping to ensure ACA compliance and generating various employer reports, are offered to the public at no charge. Zenefits also offers noninsurance premium features for a fee, including commuter benefits, time-and-attendance tracking and Zenefits payroll. Zenefits also integrates noninsurance third-party apps into

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