|
| AIG Casualty Company |
| New York, New York |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $7,500 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| American Home Assurance Company |
| New York, New York |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $10,000 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| Bankers Life and Casualty Company |
| Carmel, Indiana |
| Violation: Engaged in Unsuitable Annuity Transactions |
| Penalty: Ordered to review certain annuity sales since January 2005, take corrective action to protect future clients and fined $150,000. |
| Date of Order: 10/30/2008 |
Final
|
|
| Commerce and Industry Insurance Company |
| New York, New York |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $10,000 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| Country Preferred Insurance Company |
| Bloomington, Illinois |
| Violation: Refused to pay a claim without conducting a reasonable investigation. |
| Penalty: $3,000 fine |
| Date of Order: 06/19/2008 |
Final
|
|
| Farmers Insurance Company of Oregon |
| Tigard, Oregon |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $10,000 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| Farmers Insurance Exchange |
| Los Angeles, California |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $2,500 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| Granite State Insurance Company |
| New York, New York |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $5,000 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| Liberty Northwest Insurance Corporation |
| Portland, Oregon |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $2,500 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| Mid-Century Insurance Company |
| Los Angeles, California |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $2,500 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| New Hampshire Insurance Company |
| New York, New York |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $2,500 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| PacifiCare Life Assurance Company |
| Cypress, California |
| Violation: Failed to pay claim without conducting a reasonable investigation, failed to limit pre-existing conditions provision in health benefit plan to six months, and failed to acknowledge and act promptly on a claim. |
| Penalty: $46,000 |
| Date of Order: 12/30/2008 |
Final
|
|
| PacificSource Health Plans |
| Springfield, Oregon |
| Violation: Failed to notify claimants that it needed additional time to investigate claims |
| Penalty: $20,000 fine |
| Date of Order: 12/17/2008 |
Final
|
|
| Providence Health Plan |
| Beaverton, Oregon |
| Violation: Failed to timely respond to DCBS director's inquiry. |
| Penalty: $2,000 fine |
| Date of Order: 08/25/2008 |
Final
|
|
| The Insurance Company of the State of Pennsylvania |
| New York, New York |
| Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association. |
| Penalty: $10,000 fine |
| Date of Order: 02/15/2008 |
Final
|
|
| The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee, and The Chesapeake Life Insurance Company (collectively referred to as HealthMarkets Companies) |
| North Richland Hills, Texas |
| Violation: Insurance regulators from 35 states and the District of Columbia, through the National Association of Insurance Commissioners, alleged the companies had numerous deficiencies including oversight, communication, monitoring, and training of agents; processing and handling of claims made by policyholders; disclosure of relationships with membership associations and affiliated companies to consumers and policyholders; handling of policyholder complaints and grievances; and adherence to a compliance plan. The companies entered into a regulatory settlement agreement (RSA) dated May 29, 2008, with the participating state insurance regulators. |
| Penalty: The companies agreed to a $20 million penalty to be distributed among the participating jurisdictions, implement outreach program for policyholders, and report progress on performance standards. The companies must submit to a follow-up market conduction examination. |
| Date of Order: 08/08/2008 |
Final
|
| Regulatory Settlement Agreement
|
|
|
|
| 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: $6,000 fine |
| Date of Order: 04/15/2008 |
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: $6,000 fine |
| Date of Order: 08/13/2008 |
Final
|
|
| Virginia Surety Company, Inc. |
| Glenview, Illinois |
| Violation: Issued group health insurance policies to unapproved groups. |
| Penalty: $25,000 fine |
| Date of Order: 03/05/2008 |
Final
|
