Minn. Fines Life Insurers Over Lump Sump Practices
The Minnesota Department of Commerce released consent orders that Prudential Insurance Co. of America, John Hancock Life Insurance Co., MetLife Investors USA Insurance Co. and ING Life Insurance and Annuity Co. signed Wednesday.
The agency said that after detailed examinations, it ordered each company to pay a civil penalty of $200,000. The consent orders...
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