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.
