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Violation Tracker Individual Record

Company: Life Insurance Company of Georgia and Southland Life Insurance Company
Current Parent Company: Prudential PLC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $4,000,000
Year: 2002
Date: February 20, 2002
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Secondary Offense: discriminatory practices (non-employment)
Violation Description: The companies agreed to pay $4 million to resolve multistate allegations that they had charged higher premiums to non-white customers for certain kinds of life insurance policies.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
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.