Violation Tracker Individual Record
Company:
MONY Life Insurance Co.
Current Parent Company:
Equitable Holdings
Penalty:
$250,000
Year:
2000
Date:
November 14, 2000
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Violation Description:
MONY Life Insurance Company, successor to Mutual Life Insurance Company of New York, agreed to pay $250,000 in fines and restitution of the premium plus interest to the organizations involved, in settlement of allegations its agents misrepresented the costs and benefits of a Financial Security Plan it sold to several Connecticut towns.
Level of Government:
state
Action Type:
agency action
Agency:
Connecticut Attorney General
Civil or Criminal Case:
civil
Facility State:
Connecticut
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:
investment management
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.
