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Company: Unicare Life & Health Insurance Company
Current Parent Company:
Elevance Health
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $100,000
Year: 2012
Date: January 12, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Fine levied for using unapproved rates and rating methodologies; Not keeping full and adequate accounts and records of its transactions and affairs; Using policy forms in Washington which contained an unapproved coverage exclusion; Using unlicensed and/or unappointed producers to market and sell po...
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: Indiana
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.