Violation Tracker Individual Record

Company: 
MEGA Life and Health Insurance Company
Current Parent Company: 
UnitedHealth Group
Penalty: 
$5,600,000
Year: 
2008
Date: 
April 3, 2008
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

The Maine Bureau of Insurance and the Maine Attorney General resolved concerns about what they called MEGA Life and Health Insurance Company's flawed method of determining premiums for individual health insurance policies, including payment of a $1 million fine against the company. MEGA Life was also required to refund $4.6 million in overpaid premiums, plus interest, to consumers.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Maine Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Maine
HQ Country of Parent: 
USA
HQ State of Parent: 
Minnesota
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
healthcare services
Specific Industry of Parent: 
insurance; managed care
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.