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Company: Conseco Life Insurance Co.
Current Parent Company:
CNO Financial
Parent at the Time of the Penalty Announcement:
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Penalty: $250,000
Year: 2014
Date: July 9, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Conseco Life Insurance agreed to pay a $250,000 civil penalty in settlement of allegations it misrepresented the terms of its insurance policies and failed to determine the suitability of its policies at time of sale, in violation of state statues.
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: Indiana
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.