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Violation Tracker Individual Record

Company: Gerber Life Insurance Co.
Current Parent CompanyWestern & Southern Financial Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $3,635,665
Year: 2020
Date: August 21, 2020
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Gerber Life Insurance agreed to pay $2,533,665 in restitution and a $1,102,000 civil penalty in settlement of allegations it made numerous violations of claims practices for accidental death and dismemberment policies and used an unlicensed third-party administrator.
Level of Government: state
Action Type: agency action
Agency: North Carolina Department of Insurance
Civil or Criminal Case: civil
Facility State: North Carolina
HQ Country of Current Parent: USA
HQ State of Current Parent: Ohio
Ownership Structure of Current Parent: mutual
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.