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Violation Tracker Individual Record

Company: Radian Guaranty Inc.
Penalty: $93,750
Year: 2015
Date: June 23, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Radian Guaranty Inc. agreed to pay a $93,750 civil penalty in settlement of allegations it engaged in Captive Mortgage Reinsurance Arrangements that did not pass a reasonable risk transfer test and the premium paid for the reinsurance exceeded its value, in violation of federal and state regulations.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.