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Violation Tracker Individual Record

Company: ReliaStar Life Insurance Company of New York
Current Parent Company: Voya Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $169,000
Year: 2020
Date: October 29, 2020
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: ReliaStar agreed to pay $169,000 in settlement of allegations the company failed to examine and ascertain that the Disclosure Statement was accurate and met the requirements of Insurance Regulation and failed to obtain a signed acknowledgement by the applicant of receipt of a revised Disclosure Statement,when the life insurance policy differed from the life insurance policy initially applied for.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
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.