For Immediate Release: January 3, 2013

Raleigh CEO Charged with Alleged Failure to Pay Insurance Premiums

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Rebecca Horne Wood, 36, of 2338 Dove Court, Rocky Mount; she is charged with one count each of failing to pay premiums deducted from employee pay and failing to notify employees of insurance cancellation.

Department of Insurance criminal investigators allege that between Nov. 30, 2009, and Feb. 28, 2010 — while acting as CEO and president of Alpha/Omega Health Care in Raleigh — Wood collected insurance premiums from her employees but did not forward those funds to the group health insurance provider, resulting in the termination of her employees’ health insurance coverage.

Wood was arrested on Jan. 2 in Nash County and was placed under a $5,000 unsecured bond. Her first scheduled court appearance is on Jan. 4.

The Department of Insurance employs 20 sworn state law enforcement officers dedicated to investigating and prosecuting claims of insurance and bail bonding fraud. Since Insurance Commissioner Wayne Goodwin took office in 2009, criminal investigators have received more than 14,000 complaints, resulting in more than 600 arrests, 333 criminal convictions and more than 110 pending court cases. These efforts have delivered more than $48.5 million in restitution and recoveries for victims.

An estimated 10 cents of every dollar paid in premiums goes toward the payment of fraudulent claims. To report suspected fraud, contact the Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.com.

--NCDOI--