Connecticut Fines Insurer

Connecticut Insurance Commissioner Thomas Sullivan says he has signed an order imposing a $100,000 fine on an insurer in connection with concerns about agent training.

Sullivan has imposed the fine on Bankers Life Insurance and Casualty Company, Chicago, a unit of Conseco Inc., Carmel, Ind.

Connecticut Insurance Department regulators found while reviewing cases from July 2006 through May 2007 that Bankers Life had “failed to provide adequate training and consistent monitoring on the conduct of its appointed agents in the state of Connecticut,” officials say.

Bankers Life refunded $212,000 in premiums to consumers as a result of inappropriate transactions conducted by the agents, officials say.