Violation Tracker Individual Record

Company: 
Transamerica Life Insurance Company
Current Parent Company: 
Aegon
Penalty: 
$15,000
Year: 
2019
Date: 
August 16, 2019
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

$15,000 fine for issuing unauthorized certificates of coverage under association plans to Washington consumers, using unfiled rates and unfiled forms, using producers that were not properly licensed or appointed. The Company violated RCW 48.18.100(1); RCW 48.19.010(2); WAC 284-30-600(3)(b); WAC 284-...

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: 
Netherlands
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.