Violation Tracker Individual Record

Company: 
Bankers Life and Casualty Company
Current Parent Company: 
CNO Financial
Penalty: 
$4,000,000
Year: 
2012
Date: 
November 16, 2012
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

In a follow-up from a 2008 multistate settlement involving it and Conseco, Bankers Life agreed to pay a total of $4 million to resolve allegations that it was not in compliance with several requirements of the earlier agreement.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Indiana
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.