Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Missouri Regulators Fine Aflac

X
Your article was successfully shared with the contacts you provided.

JEFFERSON CITY, Mo. (AP) — Missouri insurance regulators say Aflac Inc. has agreed to pay $1.6 million in fines to three states to settle allegations about its business practices.

The Missouri insurance department said Thursday that Aflac will pay $700,000 to the state, an additional $700,000 to Minnesota and $200,000 to Idaho.

The settlement comes after a market conduct examination that included a review of insurance policy sales, advertising by agents and incentives given to agents selling Aflac policies.

-ab


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.