FOR IMMEDIATE RELEASE:
2/9/2017
FOR INFORMATION, CONTACT:
Tracy Imm, 410-468-2206

Maryland Insurance Administration Sanctions Elias Trey Mannix, Philip M. Masitto and RX Adjusting, LLC for Committing Insurance Fraud

Contractors and Home Improvement Salesmen Cannot Act as Public Adjusters without a License from the State

BALTIMORE – The Maryland Insurance Administration issued an administrative order and assessed $75,000 in fines sanctioning RX Adjusting, LLC, Elias Trey Mannix and Philip M. Masitto for violating the Insurance Article, Md. Code Ann. An investigation by the agency’s Insurance Fraud Division concluded that insurance fraud was committed by the organization and its principals.

“We take serious the tips that we receive on our Fraud Hotline and are committed to enforcing the law,” said Insurance Commissioner Al Redmer, Jr. “We want Marylanders to know they should call us if they suspect insurance fraud is being committed. All tips are confidential and we thoroughly investigate each and every report.”

RX Adjusting, LLC, Elias Trey Mannix and Philip M. Masitto are not Maryland licensed public adjusters. In January 2016, Mannix, Masitto and RX Adjusting, LLC started conducting business using a Public Adjuster’s license despite that adjuster’s demand that they cease and desist.  The legitimate public adjuster filed a complaint with the Insurance Administration and a fraud investigation determined that Mannix, Masitto and RX Adjusting, LLC acted as a public adjuster while falsely operating under someone else’s license.  Further, RX Adjusting LLC’s website falsely advertised itself as a public adjuster, which could “…handle every aspect of your residential loss.”
The Insurance Administration is the independent State agency charged with enforcing insurance laws and regulations. Its Fraud Division, staffed by former law enforcement officers and prosecutors, investigates reports of fraudulent activity related to insurance matters. If you suspect that someone has committed insurance fraud, call the Fraud Division hotline at 1-800-846-4069, or email a referral form  to fraud-referrals.mia@maryland.gov. To learn more, please visit: www.insurance.maryland.gov/Consumer/Pages/InsuranceFraudConsumer.aspx.
 
The MIA publishes details of the fraud orders on its website; to view civil fraud and criminal fraud information look under Public Documents (http://insurance.maryland.gov/Pages/available-public-information/index.aspx).
 
To learn more about insurance fraud across the United States, visit the National Insurance Crime Bureau website: www.nicb.org. The National Insurance Crime Bureau is the organization dedicated to fighting insurance fraud and crime. The NICB partners with insurance companies, law enforcement agencies and regulators to identify, detect and prosecute insurance criminals. Watch the latest NICB video: https://www.nicb.org/theft_and_fraud_awareness/multimedia.
 
About the Maryland Insurance Administration

The Maryland Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin or Twitter at @MD_Insurance.
 
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