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Violation Tracker Individual Record

Company: Washington National Insurance Co.
Current Parent Company: CNO Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $140,000
Year: 2017
Date: December 14, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Washington National Insurance Co. agreed to pay a $140,000 civil penalty in settlement of allegations it misrepresented the terms of 72 life insurance policies, failed to determine the policies' suitability, and provided the Department of Commerce with incomplete and inaccurate information.
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: (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.