In three states, regulators have started or widened investigations into insurers after a judge described MetLIfe Inc’s (MET) marketing of asset accounts as “inherently deceptive.”
On Sept. 10, U.S. District Judge Larry Hicks in Reno, Nevada said that MetLife gave customers the misimpression that its Total Control Account Money Market Option account for death benefits was protected by the Federal…
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Regulators Probe ‘Inherently Deceptive’ Insurance Marketing originally appeared on DailyFinance on Tue, 28 Sep 2010 09:12:00.
Filed Under: Company News, Insurance, Retail, MetLife