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Violation Tracker Individual Record

Company: National Integrity Life Insurance Company
Current Parent Company: Western & Southern Financial Group
Penalty: $240,000
Year: 2018
Date: December 5, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: National Integrity Life Insurance Company agreed to pay a $240,000 civil monetary penalty for violations of New York Insurance Regulations that govern practices for replacing deferred annuity contracts with immediate annuity contracts. In addition, National Integrity agreed to make restitution to individual consumers affected by its former replacement practices.
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: Ohio
Ownership Structure of Current Parent: mutual
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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.