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Violation Tracker Individual Record

Company: Clements & Company
Penalty: $300,000
Year: 2017
Date: November 28, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: The Department of Financial Services entered into a consent order with Clements & Company, two Lloyd's of London syndicates managed by Tokio Marine Kiln Syndicates Limited and Beazley Furlonge Limited, and the United Nations Federal Credit Union (UNFCU) for offering, marketing and underwriting an unlicensed credit and debit card-based life insurance program for UNFCU members.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.