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Violation Tracker Individual Record

Company: First Continental Life & Accident Insurance Company
Penalty: $211,000
Year: 2023
Date: January 18, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: First Continental agreed to pay a $211,000 fine in settlement of allegations it issued group policies to certain out of state associations and issued certificates under those group policies to residents of New Jersey. The group policies constituted individual health benefits plans but did not comply with provisions of the Individual Health Coverage Act. Specifically, the coverage provided by these policies did not comply with requirements for hospital confinement indemnity coverage.
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.