Violation Tracker Individual Record
Company:
HealthMarkets Inc.
Current Parent Company:
UnitedHealth Group
Penalty:
$20,000,000
Year:
2008
Date:
July 24, 2008
Offense Group:
consumer-protection-related offenses
Primary Offense:
insurance violation
Violation Description:
HealthMarkets agreed to pay $20 million to a group of state following a three-year investigation which found multiple problems involving consumer disclosure, oversight and training of agents, claims handling and complaint-handling practices.
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:
Minnesota
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
healthcare services
Specific Industry of Parent:
insurance; managed care
Source of Data:
$20 MILLION FINE LEVIED AGAINST INSURER TO SETTLE MISCONDUCT PROBE, US States News, July 24, 2008 (via Nexis).
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.
