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CGLIC |
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CGLIC, through a subsidiary, will retain an ownership interest in the new owner partnership. The settlement, said Feldman, will pay out to all current or former owners of CGLIC individual whole, universal and participating life insurance policies bought between August 1, 1983, and March 26, 1996. The class actions alleged that: (1) CGLIC committed fraud and misrepresentation in the sale of life insurance policies by, among other things, falsely representing the number of payments that would be required for the life insurance policies sold to the Class; and, (2) CGLIC improperly included the effects of certain provisions of the Omnibus Budget Reconciliation Act of 1990, known as the "DAC Tax," in determining flexible components in certain life insurance policies. |
CGLIC |
CGK CGKA CGKB CGKD CGKEE cGKI CGKK CGKN CGKP CGKS CGL CGL CGLA CGLab CGLAC CGLAS CGLB CGLBC CGLC CGLCC Cgld CGLE CGLF CGLH CGLI CGLIC CGLLCGLLS CGLM CGLMP CGLN CGLO cGLP CGLQ CGLR CGLRC CGLRM CGLS CGLSMP CGLSS CGLT CGLU CGLV CGLWG CGM CGM CGM cgm. cgm. cgm. CGM/BM CGM1 CGM2 CGMA | |||||
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