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Violation Tracker Individual Record

Company: Northwestern Mutual Life Insurance Co.
Current Parent Company: Northwestern Mutual
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $50,000
Year: 2020
Date: July 8, 2020
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: $50,000 fine levied for failing to keep full and adequate records, the Company violated RCW 48.05.280 and for failing to pay the correct amount of interest on death benefits in 1,586 instances. Company ordered to issue remediation payments within 30 days of the entry of the consent order to beneficiaries and to provide proof of payments within 30 days of completion of remediation payments.
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: Wisconsin
Ownership Structure of Current Parent: mutual
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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.