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Company: Principal Life Insurance Company
Current Parent Company:
Principal Financial
Parent at the Time of the Penalty Announcement:
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Penalty: $16,150
Year: 2019
Date: April 5, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: $16,150 fine levied and ordered to refund $8,675.04 in overcharges plus 8% interest to 323 subscribers for using rates not in accordance with its approved filings. RCW 48.19.010(2); RCW 48.19.430.
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: Iowa
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.