Business ProfileforMetLife, Inc.

Business Details

Location of This Business

839 Camino Sierra Vista, Santa Fe, NM 87505

Headquarters

200 Park Avenue, New York, NY 10166

BBB File Opened:

9/5/2007

Years in Business:

156

Business Started:

3/24/1868

Licensing Information:

• On March 31, 2014, the New York State Department of Financial Services (DFS) announced that MetLife will pay $60 million for Insurance Law and other violations at its subsidiaries ALICO and DelAm, which it acquired from AIG in 2010. Investigations by DFS and the Manhattan District Attorney’s Office uncovered that those subsidiaries solicited insurance business in New York without a license and made intentional misrepresentations and omissions to DFS about those activities. Of the $60 million, a $50 million fine will be paid to DFS and $10 million will be paid to the Manhattan District Attorney’s Office. MetLife has also agreed to fully cooperate with DFS’s investigation concerning Insurance Law violations by AIG, ALICO, and DelAm, and other AIG subsidiaries and affiliates related to conduct prior to MetLife’s acquisition. That investigation remains ongoing and is not resolved. DFS is further requiring that MetLife take immediate steps to come into compliance with New York Insurance Law. The agreement requires licensing by DFS of the insurers and agents operating out of New York. ALICO and DelAm will be prohibited from, among other activities, underwriting, binding, or negotiating the terms or conditions of an insurance policy or contract – or advertising – in New York on behalf of alien or foreign insurers while they work to come into compliance with New York Insurance Law.

Type of Entity:

Corporation

Alternate Business Name

• MetLife Insurance

Business Management

• Ms. Tina Jenkins

Contact Information

Customer Contact

• Ms. Tina Jenkins