Violation Tracker Individual Record

Company: 
Hartford Life Insurance Company
Current Parent Company: 
Hartford Financial Services
Penalty: 
$24,000,000
Year: 
2012
Date: 
April 19, 2012
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

The Department of Financial Services announced that approximately 300,000 people who bought mass-marketed accidental death and dismemberment insurance policies were being credited $24 million by Hartford Life Insurance because the company didn't comply with the 60 percent minimum loss ratio (MLR) required under New York 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 Parent: 
USA
HQ State of Parent: 
Connecticut
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
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.