Violation Tracker Individual Record
Company:Transamerica Financial Life Insurance Company
Date:September 26, 2013
Offense Group:consumer-protection-related offenses
Primary Offense:insurance violation
Four insurers agreed to pay a total of $2.2 million in restitution to 3,475 New York seniors from across the state for overcharging them on Medicare supplemental insurance policies in violation of New York law.
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:Netherlands
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.