Violation Tracker Individual Record
Company:Bankers Life & Casualty Co.
Date:July 1, 2010
Offense Group:consumer-protection-related offenses
Primary Offense:insurance violation
Secondary Offense:financial institution supervision failures
Bankers Life agreed to pay a $1.5 million penalty in settlement of allegations it failed to adequately supervise field management and insurance agents to prevent unsuitable annuity sales and improper marketing and sales practices.
Level of Government:state
Action Type:agency action
Agency:Wisconsin Office of the Commissioner of Insurance
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:Indiana
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:insurance
Source of Data:
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