Violation Tracker Individual Record

Company: 
Transamerica Life Insurance Co.
Current Parent Company: 
Aegon
Penalty: 
$1,330,000
Year: 
2013
Date: 
March 13, 2013
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

Transamerica agreed to pay $1.33 million to settle allegations it marketed unauthorized health insurance products in Massachusetts and failed to cover mandated benefits.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Massachusetts
HQ Country of Parent: 
Netherlands
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.