Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: First American Homebuilders Reinsurance Co.
Penalty: $20,100,000
Year: 2005
Date: November 9, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: First American Homebuilders Reinsurance Co. agreed to pay $4,825,000 in penalties and return overcharges on premiums up to a value of $15,100,000, plus pay $175,000 in costs, in settlement of allegations its captive reinsurance agreements constituted unfair competition, deceptive practices, and unlawful rebates, along with allegations of filing false statements and operating an unlicensed business.
Level of Government: state
Action Type: agency action
Agency: California Department of Insurance
Civil or Criminal Case: civil
Facility State: California
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.