Violation Tracker Individual Record

Company: 
The Prudential Insurance Company of America
Current Parent Company: 
Prudential Financial
Penalty: 
$700,000
Year: 
2006
Date: 
December 12, 2006
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

Prudential Insurance agreed to pay $700,000 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 Jersey
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
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.