In Latest Blow, Zenefits Told It Can’t Offer Its Software For Free In Washington
The order undercuts the San Francisco-based company's business model, but regulators in Washington say, “Everyone has to play by the same rules.”
The Wall Street Journal:
Zenefits Must Charge For Software In Washington State
Washington’s insurance regulator said Thursday that Zenefits can no longer offer its human resources software for free in the state, another setback for the embattled health-benefits brokerage that has sought to move past regulatory violations. The order from Washington Insurance Commissioner Mike Kreidler strikes at the heart of Zenefits’s business model, which offers free human-resources software to small businesses so that it can collect commissions when the companies use Zenefits to sign up for health benefits. (Winkler, 12/1)
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