Zenefits’ fines over its licensing fiasco surpass $8 million
According to Iowa Insurance Division, Zenefits is ordered to pay $26,000 for licensing violations in Iowa. In case you’re keeping count, that makes Iowa the 14th state that Zenefits settled with. Recall additional states and their respective fines, where disclosed: Arizona ($15K), California ($7M), Delaware, Idaho, Illinois ($560K), Iowa ($26K), Minnesota, Missouri ($62K), New Jersey ($100K), South Carolina, Tennessee, Texas ($550K), Virginia, and Washington ($100K). Bottom Line: some ~$8.4 million in penalties however some states such as California will waive a portion of the penalty if Zenefits continues to comply with regulation.
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