ALBANY, N.Y. (AP) — New York financial regulators report an agreement with Aetna Life Insurance Co. to pay $500,000 for using group life insurance policy forms that didn’t include required information notifying policyholders of certain rights and benefits.
According to the Department of Financial Services, its investigation found Aetna used policy forms between 2002 and 2011 for six group life insurance policies that didn’t comply with state consumer protection law.
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