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Violation Tracker Individual Record

Company: Jackson National Life Insurance Co.
Current Parent Company: Jackson Financial
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Penalty: $11,200,000
Year: 2014
Date: April 24, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Jackson National Life agreed to a settlement worth more than $11 million to resolve allegations that it misled older purchasers of annuities about the terms of the products.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 4:12cv1380
Case Name: Maxine Derry et al v. Jackson National Life Insurance Company
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.