Tuesday, June 06, 2006

 

Pacific Life Insurance Fined By Minnesota

Pacific Life Insurance Co. and an Indiana insurance company were fined Monday by the Minnesota Department of Commerce to settle charges that they sold unsuitable investments to Minnesota consumers.

Minnesota fined Newport Beach-based Pacific Life $975,000 and Carmel, Ind.-based Conseco Inc. $2.5 million. The companies also were charged with using unfair and deceptive advertisements by some agents in the state.

Pacific Life Insurance Fined By Minnesota
Source: Los Angeles Business

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