Violation Tracker Individual Record

Company: 
State Farm Life Insurance Company
Current Parent Company: 
State Farm Insurance
Penalty: 
$10,000
Year: 
2018
Date: 
December 6, 2018
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

$10,000 fine levied for failing to pay the correct amount of interest on death benefits in 1,251 instances and for failing to timely respond to an inquiry of the Insurance Commissioner, thereby violating RCW 48.23.300; WAC 284-37-030(2).

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: 
USA
HQ State of Parent: 
Illinois
Ownership Structure of Parent: 
mutual
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.