Violation Tracker Individual Record

Company: 
AmerUS Life Insurance Co.
Current Parent Company: 
Athene Holding
Penalty: 
$250,000
Year: 
2007
Date: 
August 14, 2007
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

American Investors Life Insurance Co., AmerUS Life Insurance Co., and Senior Benefit Services, agreed to pay a total of $1.4 million as part of a settlement of allegations of multiple violations of state insurance regulations by the companies or by insurance producers under inadequate supervision.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Minnesota Department of Commerce
Civil or Criminal Case: 
civil
Facility State: 
Minnesota
HQ Country of Parent: 
Bermuda
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
retirement savings products
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.