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.
