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Company: Midland National Life Insurance Company of America
Current Parent Company:
Sammons Enterprises
Parent at the Time of the Penalty Announcement:
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Penalty: $1,300,000
Year: 2015
Date: January 27, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Midland National agreed to pay a $900,000 penalty and $400,000 in costs in settlement of allegations it failed to deal fairly with senior citizens, engaged in unfair competition or deceptive practices, and other violations.
Level of Government: state
Action Type: agency action
Agency: California Department of Insurance
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
