Violation Tracker Individual Record

Company: 
ReliaStar Life Insurance Company of New York
Current Parent Company: 
Voya Financial
Penalty: 
$169,000
Year: 
2020
Date: 
October 29, 2020
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

ReliaStar agreed to pay $169,000 in settlement of allegations the company failed to examine and ascertain that the Disclosure Statement was accurate and met the requirements of Insurance Regulation and failed to obtain a signed acknowledgement by the applicant of receipt of a revised Disclosure Statement,when the life insurance policy differed from the life insurance policy initially applied for.

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: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
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.