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Violation Tracker Individual Record

Company: Accordia Life And Annuity Company
Current Parent Company: KKR & Co.
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: $130,000
Year: 2018
Date: December 5, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: $130,000 fine levied, with requirement that Company file proof within 6 months that all Washington policies have been fully remediated, for failing to process policyholder payments on their policies, failing to pay 8% interest on a late death benefit, failing to provide annual statements
Level of Government: state
Action Type: agency action
Agency: Washington State Office of the Insurance Commissioner
Civil or Criminal Case: civil
Facility State: Washington
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.