ReliaStar Life Insurance Company of New York provides life insurance and related financial products and services in the United States. It provides and distributes individual life insurance and annuities, and group life and health insurance. The company’s individual life insurance products include term, universal life, second-to-die universal life, and variable universal life, as well as fixed and variable annuities. Its group and individual life insurance include non medical group insurance products; group disability income insurance; retirement plans; and medical stop loss coverage to employer sponsors of self-funded employee health benefit plans. The company markets individual life insuran...
1000 Woodbury Road
Woodbury, NY 11797
Founded in 1917
ING U.S. Inc., ING Life Insurance and Annuity Company, ING USA Annuity and Life Insurance Co., Midwestern United Life Insurance Company, ReliaStar Life Insurance Co., ReliaStar Life Insurance Co. of New York and Security Life of Denver Insurance Co. Execute Regulatory Settlement Agreement with Florida Office of Insurance Regulation
Aug 20 13
ING U.S. Inc. and its life insurance subsidiaries ING Life Insurance and Annuity Co., ING USA Annuity and Life Insurance Co., Midwestern United Life Insurance Co., ReliaStar Life Insurance Co., ReliaStar Life Insurance Co. of New York and Security Life of Denver Insurance Co., on August 13, 2013 executed a regulatory settlement agreement with the Florida Office of Insurance Regulation. The regulatory settlement agreement resolves a previously disclosed multistate market conduct examination regarding ING U.S. and its subsidiaries' settlement practices, procedures and policy administration relating to claims and use of the Social Security Death Master File, including their efforts to identify owners and beneficiaries of unclaimed benefits. The regulatory settlement agreement will become effective when 20 insurance departments have signed it. ING U.S. and its subsidiaries deny that it engaged in any wrongdoing or violated any law. Under the regulatory settlement agreement, ING U.S. and its subsidiaries will pay $10.7 million for the examination, compliance and monitoring costs associated with the exam. The regulatory settlement agreement establishes procedures for determining whether benefits may be payable under certain life insurance policies, annuity contracts and retained asset accounts. It also establishes procedures for seeking to locate and pay beneficiaries and owners.