Violation Tracker Individual Record

Company: 
Transamerica Financial Life Insurance Company
Current Parent Company: 
Aegon
Penalty: 
$1,345,136
Year: 
2018
Date: 
July 2, 2018
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

Transamerica paid restitution of $582,436 to New York policyholders and paid a civil penalty of $762,700 for insurance violations relating to disclosure and other practices.

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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.