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Department of Insurance Announces $600,000 Settlement with Allianz Life Insurance

Publication Descriptor Page: Department of Insurance Announces $600,000 Settlement with Allianz Life Insurance (2012, September 14) [1014**12] - Electronic Documents of Illinois

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Department of Insurance Announces $600,000 Settlement with Allianz Life Insurance (2012, September 14) [1014**12]

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  1. Department of Insurance Announces $600,000 Settlement with Allianz Life Insurance (091412INSAllianzLifeSettlement.doc)

 

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Description

Illinois Department of Insurance Director Andrew Boron today announced Illinois received $602,483.06 as part of a multi-state settlement with Allianz Life Insurance Company (Allianz.) This multi-state settlement pertains to fixed annuities issued from 2001 through 2008. Under the settlement, Allianz agreed to pay a monetary penalty of $10 million in penalties to 43 states that participated in the examination.

 

Issuing Agency

Illinois Information Service

Contact

Organization: Illinois Department of Insurance
320 W. Washington Street
Springfield, IL 62767-0001
 
Phone: 217-782-4515

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  • Language(s): EN-English
  • Creation Date (from issuing agency): 09 14 2012
  • Document Modification Date (from issuing agency): 09 14 2012
  • Date Accepted Into Depository: Fri, 28 Sep 2012 20:14:43 UTC
  • Checksum Algorithm: MD5 SHA1
  • Document File Checksum:
    • 091412INSAllianzLifeSettlement.doc - checksum='3449732697' byte count= '136704'