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Violation Tracker Individual Record

Company: Aetna Life Insurance Company
Current Parent Company: CVS Health
Penalty: $1,250,439
Year: 2021
Date: December 14, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Aetna Life Insurance, Oscar Life Insurance, and Wellfleet New York Insurance agreed to pay a penalties and restitution in settlement of allegations they sold policies that required consumers to pay a copayment or coinsurance for mental health and substance use disorder benefits that was not permitted under the law.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
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.