Violation Tracker Individual Record
Company:
Bankers Standard Insurance Company et al.
Current Parent Company:
Chubb Limited
Penalty:
$25,000
Year:
2019
Date:
December 27, 2019
Offense Group:
consumer-protection-related offenses
Primary Offense:
insurance violation
Violation Description:
$25,000 fine levied for issuing policies containing a risk mitigation benefit exceeding what is allowed by RCW 48.18.558; RCW 48.19.530(1)
Level of Government:
state
Action Type:
agency action
Agency:
Washington State Office of the Insurance Commissioner
Civil or Criminal Case:
civil
Facility State:
Washington
HQ Country of Parent:
Switzerland
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.
