Wednesday, June 18, 2008

 

Wisconsin Officials Announce Annuity Action

The insurer, Pennsylvania Life Insurance Company, Lake Mary, Fla., a unit of Universal American Corp., Rye Brook, N.Y., has agreed to pay a $925,000 forfeiture and to offer an independent review program to 2,200 Wisconsin annuity buyers, Wisconsin officials say.

Wisconsin Officials Announce Annuity Action
Source: National Underwriter (subscription required)

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