Life Insurance Company Fined $150,000 Over Annuities

The Oregon Department of Consumer and Business Services fined Chicago-based Bankers Life and Casualty Co. $150,000 in addition to requiring it to review additional annuity sales, to offer refunds to those for whom the sales were unsuitable and to take steps to protect future clients.

Life Insurance Company Fined $150,000 Over Annuities
Source: Biz Journals
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