Illinois Department of Insurance Announces Multi-State Settlement with Symetra Life Insurance and Symetra National Life Insurance Company

Illinois will share part of a $1.2 million penalty against Symetra Life regarding Life Insurance policies

CHICAGO --(ENEWSPF)--November 25, 2014.  Illinois Department of Insurance (DOI) Director Andrew Boron today announced a $1.2 million multi-state settlement with Symetra Life Insurance Company and Symetra National Life Insurance Company (Symetra).  The settlement is part of an agreement with Symetra regarding the use of the Social Security Administration’s Death Master File (DMF). 

The Regulatory Settlement Agreement stems from multi-state market conduct examinations of the forty largest life insurers regarding the timely payment . . .

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