Monday, March 29, 2010
State fines, then gives some back to AXA Equitable
What the state of New York takes, it can also giveth back.
The state announced a $1.25 million grant to AXA the same day a different state agency fined the company $1.9 million for life insurance violations.
On Friday morning, state Insurance Superintendent James Wrynn announced that the state Insurance Department had fined AXA Equitable Life Insurance Co. $1.9 million for violations, including making inaccurate or incomplete disclosures to consumers buying replacement annuity contracts and life insurance policies. The violations occurred from Jan. 1, 2001, to June 30, 2006...
Syracuse.com: State fines, then gives some back to AXA Equitable
The state announced a $1.25 million grant to AXA the same day a different state agency fined the company $1.9 million for life insurance violations.
On Friday morning, state Insurance Superintendent James Wrynn announced that the state Insurance Department had fined AXA Equitable Life Insurance Co. $1.9 million for violations, including making inaccurate or incomplete disclosures to consumers buying replacement annuity contracts and life insurance policies. The violations occurred from Jan. 1, 2001, to June 30, 2006...
Syracuse.com: State fines, then gives some back to AXA Equitable
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