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Violation Tracker Individual Record

Company: Nationwide Life Insurance
Current Parent Company: Nationwide
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $650,000
Year: 2005
Date: May 17, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Nationwide agreed to pay $650,000 as part of settlement of allegations it deceived consumers into buying policies beyond their financial means.
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: Ohio
Ownership Structure of Current Parent: mutual
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.