|
| AF&L Insurance Company |
| Warrington, Pennsylvania |
| Violation: Issued a group health insurance policy to unapproved association. |
| Penalty: $5,000 fine |
| Date of Order: 10/02/2006 |
Final
|
|
|
| AIG Life Insurance Company |
| Wilmington, Delaware |
| Violation: Issued group health insurance policies to unapproved associations. |
| Penalty: $10,000 fine |
| Date of Order: 09/28/2006 |
Final
|
|
|
| American Standard Insurance Company of Wisconsin |
| Madison, Wisconsin |
| Violation: Refused to pay a claim without conducting a reasonable investigation. |
| Penalty: $3,000 fine |
| Date of Order: 12/12/2006 |
Final
|
|
|
American-Amicable Life Insurance Company of Texas
Pioneer American Insurance Company
Pioneer Security Life Insurance Company |
| Waco, Texas |
| Violation: Georgia and Texas insurance regulators alleged that the companies violated insurance or consumer protection statutes in the marketing and sale of life insurance policies to members of the military. The companies denied the allegations, but entered into a multi-state regulatory settlement agreement (RSA) dated June 8, 2006 with Georgia, Texas and other state insurance regulators that chose to participate. |
| Penalty: The companies agreed to pay $70 million in remedial benefits to policyholders nationwide, cease certain marketing activities, and make periodic reports to regulators. |
| Date of Order: 08/21/2006 |
Final
|
| Regulatory Settlement Agreement
|
|
|
|
|
| Ameritas Life Insurance Corp. |
| Lincoln, Nebraska |
| Violation: Issued a group health insurance policy to an unapproved association. |
| Penalty: $5,000 fine |
| Date of Order: 03/01/2006 |
Final
|
|
|
| Bankers Fidelity Life Insurance Company |
| Atlanta, Georgia |
| Violation: Made a false statement to the DCBS director. |
| Penalty: $10,000 fine |
| Date of Order: 09/06/2006 |
Final
|
|
|
| Boston Mutual Life Insurance Company |
| Canton, Massachusetts |
| Violation: A multi-state market conduct examination by the insurance regulators of Georgia, Massachusetts and Texas found problems with the sale and servicing of whole life policies by Boston Mutual to the military market. While not admitting or denying the findings, Boston Mutual entered into a multi-state regulatory settlement agreement, dated May 28, 2006, with the three states and other state insurance regulators that choose to participate. |
| Penalty: Boston Mutual agreed to pay remedial benefits to policyholders and take corrective actions. |
| Date of Order: 07/31/2006 |
Final
|
| Massachusetts Market Conduct Examination
|
| Multi-state Market Conduct Examination
|
|
|
| Central United Life Insurance Company |
| Houston, Texas |
| Violation: Issued a group health insurance policy to an unapproved association. |
| Penalty: $5,000 fine |
| Date of Order: 03/21/2006 |
Final
|
|
|
| Chesapeake Life and Health Insurance Company, The |
| North Richland Hills, Texas |
| Violation: Terminated agents without sufficient notice. |
| Penalty: $2,200 fine |
| Date of Order: 09/11/2006 |
Final
|
|
|
| Chesapeake Life Insurance Company, The |
| Richland Hills, Texas |
| Violation: Issued group health insurance policies to unapproved associations. |
| Penalty: $45,000 fine |
| Date of Order: 07/10/2006 |
Final
|
|
|
| Combined Insurance Company of America |
| Glenview, Illinois |
| Violation: Failed to annually file Medicare supplement rates. |
| Penalty: $9,000 fine |
| Date of Order: 06/13/2006 |
Final
|
|
|
| Golf Marketing Worldwide, LLC |
| Norwalk, Connecticut |
| Violation: Transacted insurance in Oregon as an insurer without a license. |
| Penalty: Ordered to immediately cease and desist from transacting insurance in Oregon as an insurer without a license. |
| Date of Order: 06/12/2006 |
Cease & Desist
|
|
|
| Hartford Life and Accident Insurance Company |
| Simsbury, Connecticut |
| Violation: Issued group health insurance policies to unapproved associations. |
| Penalty: $17,500 fine |
| Date of Order: 03/15/2006 |
Final
|
|
|
| Health Net Health Plan of Oregon, Inc. |
| Tigard, Oregon |
| Violation: Failed to timely or completely respond to inquiries from the DCBS director. |
| Penalty: $10,000 fine |
| Date of Order: 10/02/2006 |
Final
|
|
|
| Liberty Life Insurance Company |
| Greenville, South Carolina |
| Violation: A target multi-state market conduct examination found that Liberty Life did not pay premium taxes from 1998 to 2002 on complimentary accidental death insurance provided to mortgage loan customers of certain financial institutions in the majority of states in which the insurance was marketed. The company disputed that it was required to pay premium tax on the complimentary premiums, but entered into a regulatory settlement agreement with South Carolina and other participating regulators, including Oregon. |
| Penalty: Liberty Life agreed to take certain corrective actions and make an administrative payment of up to $3,075,950 to the participating states, of which $126,127 was allocated to Oregon. |
| Date of Order: 01/24/2006 |
Final
|
| Multi-State Market Conduct Exam
|
| Regulatory Settlement Agreement
|
|
|
| LifeWise Health Plan of Oregon, Inc. |
| Portland, Oregon |
| Violation: Failed to acknowledge and act promptly on claim communications. |
| Penalty: $20,000 fine |
| Date of Order: 05/22/2006 |
Final
|
|
|
| National Union Fire Insurance Company of Pittsburgh, Pennsylvania |
| New York, New York |
| Violation: Issued group health insurance policies to unapproved associations. |
| Penalty: $30,000 fine |
| Date of Order: 09/27/2006 |
Final
|
|
|
| Pacific Grocers Employee Benefits Trust |
| Seattle, Washington |
| Violation: Transacted insurance in Oregon as an insurer without a license. Filed financial documents late. |
| Penalty: $16,400 fine |
| Date of Order: 06/13/2006 |
Final
|
|
|
| Pan-American Life Insurance Company |
| Pan-American Life Insurance Company |
| Violation: Issued a group health insurance policy to unapproved associations. |
| Penalty: $30,000 fine |
| Date of Order: 10/11/2006 |
Final
|
|
|
| Progressive Northern Insurance Company |
| Mayfield Village, Ohio |
| Violation: Failed to acknowledge and act promptly upon claim communications. |
| Penalty: $10,000 fine |
| Date of Order: 12/18/2006 |
Final
|
|
|
| Title Insurance Company of Oregon dba First American Title Insurance Company of Oregon |
| Portland, Oregon |
| Violation: Gave a thing of value to an intermediary. |
| Penalty: $4,000 fine |
| Date of Order: 09/06/2006 |
Final
|
|
|
| United States Life Insurance Company in the City of New York, The |
| Houston, Texas |
| Violation: Issued a group health insurance policy to unapproved associations. |
| Penalty: $20,000 fine |
| Date of Order: 10/02/2006 |
Final
|
|
|
| Western and Southern Life Insurance Company, The |
| Cincinnati, Ohio |
| Violation: Issued insurance policies with racially-differentiated premiums. |
| Penalty: The Ohio Department of Insurance, on behalf of other state insurance regulators, entered into a Multi-State Regulatory Settlement Agreement with WSLIC on August 24, 2005. WSLIC agreed to take certain corrective actions; provide to former and current policyholders, and possibly one or more educational institutions or charities that serve African-American causes or interests, certain remedial benefits totaling a minimum of $2 million; and pay an administrative penalty totaling $400,000. Oregon's share of the administrative penalty was $1,000. |
| Date of Order: 01/03/2006 |
Final
|
| Ohio Consent Order
|
| Ohio Market Conduct Examination Report
|
|
|
| Zurich American Insurance Company and its insurance subsidiaries |
| Schaumburg, Illinois |
| Violation: Zurich and its subsidiaries allegedly participated in anti-competitive practices relating to contingent compensation. The NAIC Broker Activities Task Force, in coordination with state attorneys general and insurance regulators, negotiated a multi-state regulatory settlement. |
| Penalty: Zurich agreed to pay $151.7 million to policyholders nationwide. Oregon policyholders are estimated to receive $821,339, subject to court approval. Zurich also agreed to pay $20 million to reimburse certain states for investigative costs; to implement a compliance program; to cease and desist from knowingly giving fictitious quotes, agreeing to rig quotes, or participating in any so called "pay-to-play" schemes; to cooperate with the participating states; and to disclose base and contingent compensation to all commercial insureds. |
| Date of Order: 06/27/2006 |
Final
|
| Exhibit A
|
| Exhibit B
|
| Exhibit C
|
| Oregon Settlement Agreement
|
| Interstate Settlement Agreement
|
|
|
|
