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Violation Tracker Individual Record

Company: Principal Life Insurance Company
Current Parent Company: Principal Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,997,866
Year: 2021
Date: August 27, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Principla Life agreed to pay a $1,997,866 fine in settlement of allegations the company had multiple non-compliant Disclosure Statements and failed to provide correct or required information to customers.
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: Iowa
Ownership Structure of Current Parent: publicly traded
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.