|
| 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
|
|
|
