Bankers Life & Cas. Co. v. Superintendent of Ins.

The Superintendent of Insurance found that a Bankers Life and Casualty Company agent engaged in deceptive insurance sales practices in multiple transactions with an elderly woman. Bankers Life and its agents functioned as insurance producers at the relevant time. The Superintendent ordered Bankers Life to pay restitution and a civil penalty of $100,000. The business and consumer docket affirmed the Superintendent's decision. Bankers Life appealed. The Supreme Court affirmed, holding that the Superintendent did not err in her statutory interpretation or factual findings and did not abuse her discretion by imposing restitution and a penalty on Bankers Life based on the evidence presented in the administrative record. View "Bankers Life & Cas. Co. v. Superintendent of Ins." on Justia Law