Text Size:   A+ A- A   •   Text Only

Administrative Orders - 2012
Enforcement Orders
Company - Marketplace Violations

Sign up for E-mail updatesSign up for E-mail updates
Orders require Adobe Acrobat© Reader, available free.


Search Marketplace Orders
21st Century Pacific Insurance Company
Wilmington, Delaware
Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association.
Penalty: $20,000
Date of Order: 01/24/2012
Final
Aetna Life Insurance Company
Hartford, Connecticut
Violation: Failed to follow required claims-handling procedures in cases where additional information was needed
Penalty: $15,000
Date of Order: 03/06/2012
Final
Allianz Life Insurance Company of North America
Minneapolis, Minnesota
Violation: A multistate examination of Allianz practices involving the marketing, sale and handling of annuities.
Penalty: Paid $10 million to states nationwide ($20,000 to Oregon) and developed corrective action and remediation plans to ensure suitable annuity sales to past and future clients
Date of Order: 08/21/2012
Final
Regulatory Settlement Agreement
American Home Assurance Company
New York, New York
Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association.
Penalty: $20,000
Date of Order: 01/24/2012
Final
American International Group, Inc. and others
Violation: A multistate examination of AIG insurers' practices to ensure that life insurance, annuities and other products are timely paid to beneficiary
Penalty: Paid $11 million to states nationwide ($138,070 to Oregon) and initiated reforms to ensure thorough searches for beneficiaries
Date of Order: 11/16/2012
Final
Regulatory Settlement Agreement
American Medical and Life Insurance Company
New York, New York
Violation: Issued group health insurance policy to unapproved association
Penalty: $20,000
Date of Order: 02/15/2012
Final
Bankers Life and Casualty Company
Carmel, Indiana
Violation: Failed to acknowledge claim and settle claim promptly.
Penalty: $14,000
Date of Order: 02/06/2012
Final
Chartis Property Casualty Company
New York, New York
Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association.
Penalty: $10,000
Date of Order: 01/24/2012
Final
Chartis, Inc., and others
Pittsburgh, Pennsylvania
Violation: Multistate examination found a variety of operations problems including failure to supervise the sale of certain limited benefit health plans through banks and other vendors; failure to properly file forms and rates with state regulatory agencies; and failure to implement internal controls of agent licensing, claims and consumer complaints.
Penalty: Company agrees to pay minimum nationwide fine of $39 million; Oregon's share of the fine is $539,546
Date of Order: 11/16/2012
Final
Regulatory Settlement Agreement
Commerce and Industry Insurance Company
New York, New York
Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association.
Penalty: $20,000
Date of Order: 01/24/2012
Final
Government Employees Insurance Company
Washington, D.C.
Violation: Issued motor vehicle policy for less than required $20,000 of uninsured motor vehicle property damage coverage
Penalty: $2,500
Date of Order: 07/23/2012
Final
Hartford Life and Accident Insurance Company
Hartford, Connecticut
Violation: Issued group insurance policy to unapproved association
Penalty: $5,000
Date of Order: 02/06/2012
Final
John Hancock Life Insurance Company (U.S.A.) et al.
Violation: A multistate examination of John Hancock companies' practices to ensure that life insurance, annuities and other products are timely paid to beneficiary
Penalty: Paid $14.9 million to states nationwide ($180,780 to Oregon) and initiated reforms to ensure thorough searches for beneficiaries
Date of Order: 12/20/2012
Final
Regulatory Settlement Agreement
Metropolitan Life Insurance Company et al
New York, New York
Violation: A multistate examination of the adequacy of MetLife's practices to ensure that life insurance, annuities and other funds are timely paid to beneficiaries.
Penalty: Paid $40 million to states nationwide ($418,436 to Oregon) and initiated reforms to ensure thorough searches for beneficiaries
Date of Order: 08/22/2012
Final
Regulatory Settlement Agreement
Nationwide Life Insurance Company, et al.
Violation: A multistate examination of Nationwide insurers' practices to ensure that life insurance, annuities, and other products are promptly paid to beneficiaries.
Penalty: Paid $7.2 million to states nationwide ($66,289 to Oregon) and initiated reforms to ensure thorough searches for beneficiaries.
Date of Order: 10/26/2012
Final
Regulatory Settlement Agreement
Navigators Insurance Company
Rye Brook, New York
Violation: Failed to respond timely to a DCBS director's request for information; failed to notify claimants that it needed more time to investigate claims and the reasons
Penalty: $17,000
Date of Order: 05/16/2012
Final
New Hampshire Insurance Company
New York, New York
Violation: Recouped more from insureds than its assessment by the Oregon Insurance Guaranty Association.
Penalty: $30,000
Date of Order: 01/24/2012
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
Date of Order: 01/24/2012
Final
The Prudential Insurance Company of America et al
Newark, New Jersey
Violation: A multistate examination of the adequacy of Prudential's practices to ensure that life insurance, annuities and other funds are timely paid to beneficiaries.
Penalty: Paid $17 million to states nationwide ($158,130 to Oregon) and initiated reforms to ensure thorough searches for beneficiaries
Date of Order: 08/23/2012
Final
Regulatory Settlement Agreement