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Violation Tracker Individual Record

Company: American Financial Security Life Insurance Co.
Penalty: $721,535
Year: 2021
Date: June 10, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: American Financial agreed to pay $537,935 restitution and $183,600 to the state of Virginia in settlement of allegations that its advertisements for insurance policies were not sufficiently clear to avoid deception or the capacity to mislead or deceive.
Level of Government: state
Action Type: agency action
Agency: Virginia Bureau of Insurance
Civil or Criminal Case: civil
Facility State: Virginia
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.