Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Time Insurance Co. et al.
Current Parent CompanyHaven Holdings
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: $1,000,000
Year: 2013
Date: July 15, 2013
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Time Insurance Co., Union Security Insurance Co. and John Alden Life Insurance Co. agreed to pay a $500,000 voluntary forfeiture and make a $500,000 donation to charity in settlement of allegations they had failed to pay valid health insurance claims and had made errors in claims and handling complaints.
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: USA
HQ State of Current Parent: Puerto Rico
Ownership Structure of Current Parent: privately held
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.