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Company: Unum Life Insurance Company of America et al.
Current Parent Company:
Unum
Parent at the Time of the Penalty Announcement:
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Penalty: $8,598,503
Year: 2005
Date: October 3, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Unium Life Insurance Company of America, Provident Life and Accident Insurance Co., and The Paul Revere Life Insurance Co. agreed to pay an $8 million civil penalty and $598,503 in costs in settlement of allegations they committed multiple insurance violations related to avoiding paying legitimate health insurance claims.
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: Tennessee
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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