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

 
 Volume/Number:  2012 September 14 
 Issuing Agency:   
 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. 
 Date Created:  09 14 2012 
 Agency ID:  1014**12 
 ISL ID:  000000044969   Original UID: 24442 FIRST WORD: Department