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Violation Tracker Individual Record

Company: Transamerica Life Insurance Co.
Current Parent Company: Aegon
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: Netherlands
Ownership Structure of Current Parent: publicly traded
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.