Violation Tracker Individual Record

Company: 
The Signal, LP, an Assurant Company
Current Parent Company: 
Assurant
Penalty: 
$2,800,000
Year: 
2020
Date: 
August 20, 2020
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

The Signal, LP, agreed to pay $2.8 million in settlement of allegations it failed to provide adequate disclosures on insurance offerings and bundled insurance with service contracts or other non-insurance benefits. The allegations also included the use of an unauthorized insurer by its parent Assurant, Inc.

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: 
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.