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Violation Tracker Individual Record

Company: American National Life Insurance Company of Texas
Current Parent Company: Brookfield Corporation
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $120,000
Year: 2021
Date: October 18, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Secondary Offense: tax violations
Violation Description: ANTEX agreed to pay $120,000 in settlement of allegations in a Market Conduct Report that the company failed to file its stop-loss insurance forms with state regulators, misrepresented the stop-loss product as reinsurance, and collected stop-loss premiums without paying state premium tax.
Level of Government: state
Action Type: agency action
Agency: Missouri Department of Insurance
Civil or Criminal Case: civil
Facility State: Missouri
HQ Country of Current Parent: Canada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
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.