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Violation Tracker Individual Record

Company: Freedom Life Insurance Company of America
Current Parent Company: UnitedHealth Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $500,000
Year: 2024
Date: November 8, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Freedom Life agreed to pay a total of $500,000 (plus $500,000 suspended) to 31 state financial regulators in settlement of their multi-state market conduct examination of the company's activities relating to health insurance alleging it had violated state regulations.
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: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
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.