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Violation Tracker Individual Record

Company: Lincoln National Life Insurance Company
Current Parent Company: Lincoln National
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $100,000
Year: 2019
Date: March 18, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Order to Cease and Desist No. 19-0033 rescinded and $100,000 fine levied for paying over $2 million in commissions to 2 producers who solicited, negotiated, and/or sold insurance without licenses, for conducting business through an unappointed insurance producer, and for issuing forms to a Washingto...
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 Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.