Violation Tracker Individual Record
Company:Allianz Life Insurance Company of North America
Date:October 8, 2007
Offense Group:financial offenses
Primary Offense:investor protection violation
Allianz agreed to pay $500,000 in fees and expenses as well as refunds in settlement of allegations it sold unsuitable deferred annuities to seniors, and may have misrepresented the terms.
Level of Government:state
Action Type:agency action
Agency:Minnesota Attorney General
Civil or Criminal Case:civil
HQ Country of Parent:Germany
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:insurance
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