(REUTERS) April 25, 2011, San Francisco — California regulators subpoenaed MetLife Inc. and plan a hearing on the company's practices involving the payment of benefits after learning of an insured’s death.
Insurance Commissioner Dave Jones and State Controller John Chiang on April 25 said they are responding to audit findings indicating that MetLife failed to pay life insurance policy benefits even after learning that an insured had died.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access