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Administrative Orders - 2003

Enforcement Orders

Company - Marketplace Violations

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American Family Mutual Insurance Company
Madison, Wisconsin
Violation: Used unauthorized methods to determine the health status of applicants.
Penalty: $10,000 fine
Date of Order: 07/14/2003
Final
American Memorial Life Insurance Company
Rapid City, South Dakota
Violation: Terminated agents without sufficient notice. Failed to respond to an inquiry from the DCBS director.
Penalty: $4,700 fine
Date of Order: 12/17/2003
Final
AmeriFirst Foundation, Inc.
Mesa, Arizona
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: Ordered to cease and desist from issuing charitable gift annuities in Oregon without a license.
Date of Order: 06/10/2003
Cease & Desist
Assemblies of God Foundation
Springfield, Missouri
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $1,000 fine
Date of Order: 09/26/2003
Final
Beneficial Life Insurance Company
Salt Lake City, Utah
Violation: Terminated agents without sufficient notice.
Penalty: $3,400 fine
Date of Order: 11/25/2003
Final
Chapman University
Orange, California
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $1,000 fine
Date of Order: 08/12/2003
Final
Conseco Life Insurance Company
Carmel, Indiana
Violation: Terminated agents without sufficient notice.
Penalty: $8,300 fine
Date of Order: 10/27/2003
Final
Cooperative for Assistance and Relief Everywhere, Inc.
Atlanta, Georgia
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $1,000 fine
Date of Order: 12/23/2003
Final
Earthjustice
Oakland, California
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $900 fine
Date of Order: 07/25/2003
Final
First Actual American Insurance Company
Canby, Oregon
Violation: Transacted insurance in Oregon as an unauthorized insurer.
Penalty: Ordered to cease and desist from violating the Oregon Insurance Code
Date of Order: 03/18/2003
Cease & Desist
Fortis Insurance Company
Milwaukee, Wisconsin
Violation: Used unauthorized methods to determine the health status of applicants.
Penalty: $20,000 fine
Date of Order: 11/25/2003
Final
Great Western Insurance Company
Odgen, Utah
Violation: Terminated agents without sufficient notice.
Penalty: $1,300 fine
Date of Order: 09/17/2003
Final
Minnesota Life Insurance Company
St. Paul Minnesota
Violation: Terminated agents without sufficient notice.
Penalty: $2,500 fine
Date of Order: 07/03/2003
Final
Monumental Life Insurance Company
Baltimore, Maryland
Violation: A multi-state market conduct examination confirmed that some companies or blocks of business acquired by Monumental Life had used race to price life insurance policies.
Penalty: Monumental Life agreed to comply with terms and conditions of the regulatory settlement agreement.
Date of Order: 08/11/2003
Final
Consent Order
Mutual Protective Insurance Company
Omaha, Nebraska
Violation: Terminated agents without sufficient notice.
Penalty: $1,500 fine
Date of Order: 07/16/2003
Final
National Health Insurance Company
Dallas, Texas
Violation: Terminated agents without sufficient notice.
Penalty: $3,800 fine
Date of Order: 10/27/2003
Final
Ocean Conservancy, Inc. (The)
Washington, D.C.
Violation: Issued charitable gift annuities in Oregon wihtout a license.
Penalty: $1,000 fine
Date of Order: 10/16/2003
Final
ODS Health Plan, Inc.
Portland, Oregon
Violation: Failed to comply with recommendations from market conduct examinations.
Penalty: $17,500 fine. An additional $20,000 fine will be imposed if a follow-up examination shows ODS hasn't complied with recommendations from earlier exams.
Date of Order: 10/24/2003
Final
Exhibit A
Letter to Company
Market Conduct Examination
OTR Truckers Association, Inc., OTR Truckers Health and Welfare Fund, M & M Underwriting, Inc.
Cumming, Georgia
Violation: Transacted insurance in Oregon without a license.
Penalty: Ordered to cease and desist from transacting insurance in Oregon without a license.
Date of Order: 06/10/2003
Cease & Desist
Samaritan's Purse
Boone, North Carolina
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $70 fine
Date of Order: 08/01/2003
Final
Southland Life Insurance Company
Atlanta, Georgia
Violation: A four-state collaborative targeted market conduct exam of Southland's individual ordinary life insurance business found alleged deficiencies in the following areas: noncompliance with life illustration and life replacement laws, untimely response to claim correspondence, and inadequate documentation of death claim files. Southland did not admit or deny any of the deficiencies.
Penalty: Southland agreed to revise its policies, procedures, and controls to ensure compliance with laws of the four states.
Date of Order: 10/01/2003
Final
Interstate Market Conduct Exam
Ohio Consent Order
Terra Nova Insurance Company, Ltd.
London, England
Violation: Transacted insurance in Oregon without a certificate of authority.
Penalty: $5,000 fine. Terra Nova also will pay surplus lines taxes of $304.18.
Date of Order: 10/08/2003
Final
Transamerica Life Insurance Company
Cedar Rapids, Iowa
Violation: Terminated agents without sufficient notice.
Penalty: $4,500 fine
Date of Order: 12/18/2003
Final
United Employers Voluntary Employees Benefit Association
Little Rock, Arkansas
Violation: Transacted insurance in Oregon without a license.
Penalty: Ordered to cease and desist from transacting insurance in Oregon without a license.
Date of Order: 11/18/2003
Cease & Desist
United Home Life Insurance Company
Indianapolis, Indiana
Violation: Made a false or misleading policy form filing to the DCBS director.
Penalty: $2,000 fine
Date of Order: 11/14/2003
Final
Voice of Prophecy
Simi Valley, California
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $1,000 fine
Date of Order: 07/24/2003
Final
Wycliffe Bible Translators, Inc.
Orlando, Florida
Violation: Issued charitable gift annuities in Oregon without a license.
Penalty: $1,000 fine
Date of Order: 12/26/2003
Final
XL Reinsurance America, Inc.
Stamford, Connecticut
Violation: Failed to increase its special workers' compensation deposit by the due date.
Penalty: $1,000 fine
Date of Order: 07/30/2003
Final