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| American National Insurance Company (ANICO) |
| Galveston, Texas |
| Violation: Issued insurance policies with racially-differentiated premiums. |
| Penalty: The Texas Department of Insurance, on behalf of other state insurance regulators, entered into a Multi-State Regulatory Settlement Agreement with ANICO on June 9, 2004. ANICO agreed to provide certain remedial benefits to former and current policyholders; and to pay fines totaling $250,000 to the participating states. Oregon received $2,117. |
| Date of Order: 08/27/2004 |
Final
|
| Multi-State Regulatory Settlement Agreement
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| Church of God Ministries, Inc. |
| Anderson, Indiana |
| Violation: Issued charitable gift annuities in Oregon without a license. |
| Penalty: $1,000 fine |
| Date of Order: 03/08/2004 |
Final
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|
|
| Combined Insurance Company of America |
| Glenview, Illinois |
| Violation: Terminated agents without sufficient notice. |
| Penalty: $10,000 fine |
| Date of Order: 03/29/2004 |
Final
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|
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| Country Casualty Insurance Company |
| Bloomington, Illinois |
| Violation: Failed to comply with recommendations from market conduct examinations. |
| Penalty: $10,000 fine. The fine is suspended and will be withdrawn or reinstated depending on the outcome of a follow-up market conduct exam to determine if Country Casualty has corrected the violations listed in Exhibit A. |
| Date of Order: 07/30/2004 |
Final
|
| Exhibit A
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| Letter to Company
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| Market Conduct Examination
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| Country Mutual Insurance Company |
| Bloomington, Illinois |
| Violation: Failed to comply with recommendations from market conduct examinations. |
| Penalty: $10,000 fine. The fine is suspended and will be withdrawn or reinstated depending on the outcome of a follow-up market conduct exam to determine if Country Mutual has corrected the violations listed in Exhibit A. |
| Date of Order: 07/30/2004 |
Final
|
| Exhibit A
|
| Letter to Company
|
| Market Conduct Examination
|
|
|
|
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| ING Life Insurance and Annuity Company |
| Hartford, Connecticut |
| Violation: Failed to promptly and equitably settle a claim. Failed to timely respond to a claimant's communication about a claim. |
| Penalty: $10,000 fine |
| Date of Order: 10/27/2004 |
Final
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|
|
| Metropolitan Life Insurance Company |
| Tampa, Florida |
| Violation: Terminated agents without sufficient notice. |
| Penalty: $1,000 fine |
| Date of Order: 03/02/2004 |
Final
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|
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| Nations Hazard Insurance Company, Hartford Casualty Insurance, and Michael F. Napadow |
| Carpentersville, Illinois |
| Violation: Transacted insurance in Oregon as an insurer without a license. |
| Penalty: Ordered to cease and desist from transacting insurance in Oregon without a license. |
| Date of Order: 08/06/2004 |
Cease & Desist
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|
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| Navigators (The) |
| Colorado Springs, Colorado |
| Violation: Issued charitable gift annuities in Oregon without a license. |
| Penalty: $1,000 fine |
| Date of Order: 02/27/2004 |
Final
|
|
|
| Paul Revere Life Insurance Company (The) |
| Worcester, Massachusetts |
| Violation: Following a multistate market conduct examination of their claims handling practices, the companies agreed to reassess certain disability claims going back as far as 1997, and to change their future claims practices. |
| Penalty: $15 million fine; Oregon's share was $120,000. If the companies fail to meet the terms of the agreements, an additional $145 million fine will be imposed. |
| Date of Order: 12/13/2004 |
Final
|
| Multistate Market Conduct Examination Report and Exhibits A - C
|
| Exhibit E- Paul Revere Settlement Agreement
|
|
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| Provident Life and Accident Insurance Company |
| Chattanooga, Tennessee |
| Violation: Following a multistate market conduct examination of their claims handling practices, the companies agreed to reassess certain disability claims going back as far as 1997, and to change their future claims practices. |
| Penalty: $15 million fine; Oregon's share was $120,000. If the companies fail to meet the terms of the agreements, an additional $145 million fine will be imposed. |
| Date of Order: 12/13/2004 |
Final
|
| Multistate Market Conduct Examination Report and Exhibits A - C
|
| Exhibit F - Provident Settlement Agreement
|
|
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| Scottish Rite Foundation, Southern Jurisdiction, U.S.A., Inc. |
| Washington, D.C. |
| Violation: Issued charitable gift annuities in Oregon without a license. |
| Penalty: $1,000 fine |
| Date of Order: 05/26/2004 |
Final
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|
|
| Trans World Radio |
| Cary, North Carolina |
| Violation: Issued charitable gift annuities in Oregon without a license. |
| Penalty: $1,000 fine |
| Date of Order: 05/11/2004 |
Final
|
|
|
| Transamerica Occidental Life Insurance Company |
| Los Angeles, California |
| Violation: A collaborative market conduct examination of Transamerica Occidental's ordinary life insurance business found noncompliance with certain provisions of the life illustration laws of the examining states, and inadequate documentation of policy loan files and paid claim files. Ohio was the lead state for the examination, and was assisted by examiners from Illinois, Nebraska and Oregon. Transamerica Occidental entered into a consent order but does not admit or deny any of the deficiencies identified in the examination. |
| Penalty: Transamerica Occidental will immediately initiate compliance with all terms and conditions of the consent order and follow all recommendations of the examination report as they apply to Oregon. |
| Date of Order: 12/17/2004 |
Final
|
| Multistate Examination Report
|
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|
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| United Freight Carriers of North America |
| Troutdale, Oregon |
| Violation: Transacted insurance as an insurer without a license. |
| Penalty: Oredered to cease and desist from violating the Oregon Insurance Code. |
| Date of Order: 02/20/2004 |
Cease & Desist
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|
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| Unum Life Insurance Company of America |
| Portland, Maine |
| Violation: Following a multistate market conduct examination of their claims handling practices, the companies agreed to reassess certain disability claims going back as far as 1997, and to change their future claims practices. |
| Penalty: $15 million fine; Oregon's share was $120,000. If the companies fail to meet the terms of the agreements, an additional $145 million fine will be imposed. |
| Date of Order: 12/13/2004 |
Final
|
| Multistate Market Conduct Examination Report and Exhibits A - C
|
| Exhibit D - Unum Settlement Agreement
|
|
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| World Wildlife Fund, Inc. |
| Washington, D.C. |
| Violation: Issued charitable gift annuities in Oregon without a license. |
| Penalty: $1,000 fine |
| Date of Order: 09/20/2004 |
Final
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