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Wash. fines insurance company Aetna $1 million

OLYMPIA, Wash.-- Aetna Life Insurance Company has agreed to pay a $1 million fine for violations in Washington state. The Washington state Office of the Insurance Commissioner said Thursday that Aetna's violations included issuing unapproved insurance policies and failing to file legally required documents. The office says the Connecticut- based company...

Associated Press

OLYMPIA, Wash. -- Aetna Life Insurance Company has agreed to pay a $1 million fine for violations in Washington state.

The Washington stateOffice of the Insurance Commissioner said Thursday that Aetna's violations included issuing unapproved insurance policies and failing to file legally required documents. The office says the Connecticut-based company has agreed to pay the fine.

Aetna did not immediately return a call seeking comment.

Officials say Aetna has agreed to a compliance plan to prevent similar problems in the future.

Copyright:(c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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