Minnesota Fines MetLife Over Annuities

Minnesota regulators fined MetLife Investors USA Insurance Co. $250,000 for violating Minnesota insurance laws.

And in a related matter, the Minnesota Department of Commerce, which regulates the insurance industry in the state, also fined William Gerga, a licensed Minnesota insurance agent in White Bear Lake, $10,000 for selling unapproved annuity contracts to 50 Minnesota residents.

Minnesota Fines MetLife Over Annuities
Source: TwinCities.com
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