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Violation Tracker Individual Record

Company: MEGA Life and Health Insurance Company
Current Parent Company: UnitedHealth Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $5,600,000
Year: 2008
Date: April 3, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Maine Bureau of Insurance and the Maine Attorney General resolved concerns about what they called MEGA Life and Health Insurance Company's flawed method of determining premiums for individual health insurance policies, including payment of a $1 million fine against the company. MEGA Life was also required to refund $4.6 million in overpaid premiums, plus interest, to consumers.
Level of Government: state
Action Type: agency action
Agency: Maine Attorney General
Civil or Criminal Case: civil
Facility State: Maine
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.