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Administrative Orders - 1998

Enforcement Orders

Company - Marketplace Violations

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American Bankers Insurance Group, Inc.
Miami, FL
Violation: Multiple unspecified marketing practices
Penalty: $197,594 fine in Oregon, $12 million total fine for all involved.
Date of Order: 12/17/1998
PFL Life Insurance Company
Cedar Rapids, IA
Violation: Unintentionally failed to respond promptly to an inquiry from the Director.
Penalty: $2,000 fine.
Date of Order: 08/27/1998
Polaris Insurance Company Ltd.
San Jose, Costa Rica
Violation: Transacted insurance in Oregon without an Oregon certificate of authority
Penalty: Cease and desist order
Date of Order: 07/21/1998