Sec Form 13G Filing - Brauser Daniel filing for InsPro Technologies Corp (ITCC) - 2006-09-01

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------

                                  SCHEDULE 13G

                                 (Rule 13d-102)

            INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
   RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2

                               (Amendment No. 1)*


                       Health Benefits Direct Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   42220V 10 7
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                  July 5, 2006
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

                                 --------------

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         / /     Rule 13d-1(b)

         / /     Rule 13d-1(c)

         /x/     Rule 13d-1(d)

- -------------------

         * The remainder of this cover page shall be filled out for a reporting
         person's initial filing on this form with respect to the subject class
         of securities, and for any subsequent amendment containing information
         which would alter the disclosures provided in a prior cover page.

              The information required in the remainder of this cover page shall
         not be deemed to be "filed" for the purpose of Section 18 of the
         Securities Exchange Act of 1934 or otherwise subject to the liabilities
         of that section of the Act but shall be subject to all other provisions
         of the Act (however, see the Notes).






- --------------------------------                --------------------------------
CUSIP No. 42220V 10 7                  13G       Page 2 of 6 Pages
- --------------------------------                --------------------------------


====================== =========================================================
           1           NAME OF REPORTING PERSONS
                       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
                       (ENTITIES ONLY)
                               Daniel Brauser
- ---------------------- ---------------------------------------------------------
           2           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) / /
                                                                         (b) /x/
- ---------------------- ---------------------------------------------------------
           3           SEC USE ONLY

- ---------------------- ---------------------------------------------------------
           4           CITIZENSHIP OR PLACE OR ORGANIZATION
                               United States of America
- ---------------------- ---------------------------------------------------------
                           5     SOLE VOTING POWER

                                   -0-
       NUMBER OF       ---------------------------------------------------------
         SHARES            6     SHARED VOTING POWER
      BENEFICIALLY
       OWNED BY                    - 0 -
         EACH          ---------------------------------------------------------
       REPORTING           7     SOLE DISPOSITIVE POWER
     PERSON WITH
                                   -0-
                       ---------------------------------------------------------
                           8     SHARED DISPOSITIVE POWER

                                   - 0 -
- ---------------------- ---------------------------------------------------------
           9           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
                       REPORTING PERSON
                               - 0 -
- ---------------------- ---------------------------------------------------------
           10          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
                       CERTAIN SHARES                                    / /
- ---------------------- ---------------------------------------------------------
           11          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                               0 %
- ---------------------- ---------------------------------------------------------
           12          TYPE OF REPORTING PERSON
                               IN
====================== =========================================================





- --------------------------------                --------------------------------
CUSIP No. 42220V 10 7                  13G       Page 3 of 6 Pages
- --------------------------------                --------------------------------


         Item 1.

               (a)   Name of Issuer:

                     Health Benefits Direct Corporation

               (b)   Address of Issuer's Principal Executive Offices:

                     2900 Gateway Drive
                     Pompano Beach, FL 33069

         Item 2.

               (a)   Name of Person Filing:

                     Daniel Brauser

               (b)   Address of Principal Business Office, or if none,
                     Residence:

                     c/o Health Benefits Direct Corporation
                     2200 S.W. 10th Street
                     Deerfield Beach, Florida 33442.


               (c)   Citizenship:

                     United States of America.


               (d)   Title of Class of Securities:

                     Common Stock, par value $0.001 per share

               (e)   CUSIP Number:

                     42220V 10 7

         Item 3.     If this statement is filed pursuant to Rule 13d-1(b), or
                     13d-2(b) or (c), check whether the person filing is a:

         (a)   / /   Broker or dealer registered under Section 15 of the
                     Exchange Act.
         (b)   / /   Bank as defined in section 3(a)(6) of the Exchange Act.
         (c)   / /   Insurance company as defined in section 3(a)(19) of the
                     Exchange Act.
         (d)   / /   Investment company registered under section 8 of the
                     Investment Company Act.
         (e)   / /   An investment adviser in accordance with Rule
                     13d-1(b)(1)(ii)(E);
         (f)   / /   An employee benefit plan or endowment fund in accordance
                     with Rule 13d-1(b)(1)(ii)(F).
         (g)   / /   A parent holding company or control person in accordance
                     with Rule 13d-1(b)(1)(ii)(G).
         (h)   / /   A savings association as defined in Section 3(b) of the
                     Federal Deposit Insurance Act;






- --------------------------------                --------------------------------
CUSIP No. 42220V 10 7                  13G       Page 4 of 6 Pages
- --------------------------------                --------------------------------

         (i)   / /   A church plan that is excluded from the definition of an
                     investment company under Section 3(c)(14) of the Investment
                     Company Act.

         (j)   / /   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

         Item 4.     Ownership

               (a)   Amount beneficially owned:

                     - 0 -

               (b)   Percent of Class:

                     - 0 -

               (c)  Number of shares as to which the Reporting Person has:

                    i.   Sole power to vote or to direct to vote:

                         - 0 -

                    ii.  Shared power to vote or to direct to vote:

                         - 0 -

                    iii. Sole power to dispose or to direct the disposition of:

                         - 0 -

                    iv.  Shared power to dispose or to direct the disposition
                         of:

                         - 0 -

         Item 5.    Ownership of Five Percent or Less of a Class.

                    As of July 5, 2006, the Reporting Person ceased to be deemed
                    the beneficial owner of more than 5% of the shares of the
                    Issuer.

         Item 6.    Ownership of More than Five Percent on Behalf of Another
                    Person.

                    Not Applicable

         Item 7.    Identification and Classification of the Subsidiary Which
                    Acquired the Security Being Reported on by the Parent
                    Holding Company.

                    Not Applicable


        Item 8.     Identification and Classification of Members of the Group.

                    Not Applicable




- --------------------------------                --------------------------------
CUSIP No. 42220V 10 7                  13G       Page 5 of 6 Pages
- --------------------------------                --------------------------------


         Item 9.    Notice of Dissolution of Group.

                    Not Applicable.

         Item 10.   Certification.

                    Not Applicable


           [The remainder of this page was intentionally left blank.]





- --------------------------------                --------------------------------
CUSIP No. 42220V 10 7                  13G       Page 6 of 6 Pages
- --------------------------------                --------------------------------


                                   SIGNATURES

                  After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.


Dated: August 10, 2006
                                    /s/ Daniel Brauser
                                   ---------------------------------------------
                                   Daniel Brauser