Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Companion Life Insurance Co.
Current Parent Company: BlueCross BlueShield of South Carolina
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $5,000,000
Year: 2021
Date: June 8, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Companion Life Insurance agreed to pay $5 million to participating States in settlement of allegations of multiple violations of insurance laws found by market conduct examinations in Colorado, Delaware and Vermont.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: South Carolina
Ownership Structure of Current Parent: non-profit
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.