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Company: Metropolitan Life Insurance Co.
Current Parent Company:
MetLife
Parent at the Time of the Penalty Announcement:
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Penalty: $150,000
Year: 2004
Date: January 12, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: false advertising
Violation Description: Metlife agreed to pay $150,000 and extend life insurance benefits for consumers in settlement of allegations of unfair and deceptive practices in selling its variable-life policies.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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.