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MID issues Cease and Desist Order to...

MID issues Cease and Desist Order to Salvasen Holdings, Triada Assurance Holdings

By: Anne Summerhays - November 1, 2022

Several other states have also sanctioned Salvasen Holdings, including Texas and Michigan.

On Monday, the Mississippi Insurance Department (MID) announced they have issued a Cease and Desist Order to Salvasen Holdings and parent company Triada Assurance Holdings, LLC.

According to MID, the insurance agency has violated Mississippi law by marketing and selling health insurance without having an insurance license.

“Additionally, Salvasen Holdings marketed insurance plans falsely, claiming they were major medical policies when they were in fact limited plans,” MID said.

Commissioner of Insurance Mike Chaney said MID received a complaint from a customer who thought they bought a major medical health insurance plan from Salvasen Holdings.

“Salvasen failed to pay claims under that policy, which turned out to be a limited plan,” Commissioner Chaney said.

Several other states have also sanctioned Salvasen Holdings, including Texas and Michigan.

“The issue is still under investigation by the MID. Pending a final decision by Comm. Chaney, Salvasen Holdings may not collect or receive premiums or conduct any new or existing business,” MID stated.

Anyone with questions about this may contact the Investigations Division at MID by calling

About the Author(s)
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Anne Summerhays

Anne Summerhays is a recent graduate of Millsaps College where she majored in Political Science, with minors in Sociology and American Studies. In 2021, she joined Y’all Politics as a Capitol Correspondent. Prior to making that move, she interned for a congressional office in Washington, D.C. and a multi-state government relations and public affairs firm in Jackson, Mississippi. While at Millsaps, Summerhays received a Legislative Fellowship with the Women’s Foundation of Mississippi where she worked with an active member of the Mississippi Legislature for the length of session. She has quickly established trust in the Capitol as a fair, honest, and hardworking young reporter. Her background in political science helps her cut through the noise to find and explain the truth. Email Anne: