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Violation Tracker Individual Record

Company: Best Buy Stores, L.P. and Household Insurance Group, Inc.
Current Parent Company: Best Buy
Penalty: $250,000
Year: 2003
Date: May 21, 2003
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Best Buy Stores and Household Insurance Group agreed to pay a $250,000 civil penalty plus restitution in settlement of allegations they sold Credit Insurance to customers in the state, that it was not always made clear to customers the policy they were buying, and that policies failed to have the disclosures or records required by the state.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-consumer electronics
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.