Violation Tracker Individual Record
Company:
Metropolitan Life Insurance Co.
Current Parent Company:
MetLife
Penalty:
$700,000
Year:
2007
Date:
April 3, 2007
Offense Group:
consumer-protection-related offenses
Primary Offense:
insurance violation
Violation Description:
Metropolitan agreed to pay $700,000 in costs in settlement of allegations it violated insurance regulations by failing to disclose details of compensation and contingent compensation for the Producer representing the policyholder.
Level of Government:
state
Action Type:
agency action
Agency:
California Department of Insurance
Civil or Criminal Case:
civil
Facility State:
California
HQ Country of Parent:
USA
HQ State of Parent:
New York
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source of Data:
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.
