Violation Tracker Individual Record

Company: 
Athene Life Insurance Company of New York
Current Parent Company: 
Athene Holding
Penalty: 
$15,000,000
Year: 
2018
Date: 
June 28, 2018
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

Athene Life Insurance Company of New York entered into a consent order with the Department of Financial Services under which it agreed to pay a fine of $15 million after DFS found that Athene did not provide required information to about 15,000 policyholders, including premium notices, annual reports or cash surrender value notices, and annual privacy notices from 2015 to 2017.

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 Parent: 
Bermuda
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
retirement savings products
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.