Violation Tracker Individual Record

Company: 
AmerUs Life Insurance Co. and American Investors Life Insurance Co.
Penalty: 
$375,000
Year: 
2008
Date: 
October 22, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

AmerUs Life Insurance Co. and American Investors Life Insurance Co., now part of Aviva USA Corp., agreed to pay $375,000 plus 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
Facility State: 
Minnesota
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.