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Violation Tracker Individual Record

Company: American Investors Life Insurance Company et al.
Penalty: $7,200,000
Year: 2007
Date: December 20, 2007
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The California Attorney General and the state insurance commission announced a $7.2 million settlement with American Investors Life Insurance Company, Family First Insurance Services, and Family First Advanced Estate Planning, resolving allegations that the companies sold thousands of annuities with exorbitant fees to vulnerable senior citizens.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
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.