Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: MONY Life Insurance Co.
Current Parent Company: Dai-ichi Life
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: $250,000
Year: 2000
Date: November 14, 2000
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: MONY Life Insurance Company, successor to Mutual Life Insurance Company of New York, agreed to pay $250,000 in fines and restitution of the premium plus interest to the organizations involved, in settlement of allegations its agents misrepresented the costs and benefits of a Financial Security Plan it sold to several Connecticut towns.
Level of Government: state
Action Type: agency action
Agency: Connecticut Attorney General
Civil or Criminal Case: civil
Facility State: Connecticut
HQ Country of Current Parent: Japan
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.