Violation Tracker Individual Record

Company: 
Metropolitan Life Insurance Company, Inc.
Current Parent Company: 
MetLife
Penalty: 
$10,000,000
Year: 
2014
Date: 
March 31, 2014
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

MetLife agreed to pay $10 million in a Deferred Prosecution Agreement settling allegations it violated New York Insurance Law and the New York Penal Law for by operating two subsidiaries that did not pay for insurance licensing.

Level of Government: 
local
Action Type: 
agency action
Agency: 
Manhattan (NY) District Attorney
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
Private Lawsuit Resolution Type: 
settlement
Facility State: 
New York
Facility County: 
New York
Facility City: 
New York
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
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.