Violation Tracker Individual Record
Company:
UnumProvident Corporation
Current Parent Company:
Unum
Penalty:
$17,400,000
Year:
2006
Date:
November 1, 2006
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Violation Description:
UnumProvident agreed to pay $15.5 million in restitution and $1.9 million in penalties to resolve an investigation of deceptive practices in its compensation of brokers and consultants in connection with the sale of group insurance products.
Level of Government:
state
Action Type:
agency action
Agency:
New York Attorney General
Civil or Criminal Case:
civil
Facility State:
New York
HQ Country of Parent:
USA
HQ State of Parent:
Tennessee
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.
