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Company: Cigna Health & Life Insurance Company
Current Parent Company:
Cigna
Parent at the Time of the Penalty Announcement:
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Penalty: $275,000
Year: 2024
Date: July 15, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Cigna agreed to pay an administrative penalty of $275,000 in settlement of allegations it failed to record and provide the statutorily required information for the Administration to determine the company's compliance with the Parity Act, that requires parity in the treatment limitations and financial requirements for mental health and substance use disorder benefits.
Level of Government: state
Action Type: agency action
Agency: Maryland Insurance Administration
Civil or Criminal Case: civil
Facility State: Maryland
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
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:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.