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Violation Tracker Individual Record

Company: Bankers Fidelity Life Insurance Company
Penalty: $711,740
Year: 2022
Date: May 17, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Bankers Fidelity agreed to pay $711,740 in settlement of allegations it issued New Jersey approved Medicare Supplement policies to 886 persons who were not New Jersey residents on the date of issue and issued Medicare Supplement policies that were approved by states other than New Jersey to 63 persons who were New Jersey residents on the date of issue.
Level of Government: state
Action Type: agency action
Agency: New Jersey Department of Banking & Insurance
Civil or Criminal Case: civil
Facility State: New Jersey
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.