Connecticut fined Chicago insurer Bankers Life and Casualty Co. nearly $1 million for selling unregistered securities in the state, authorities said.
State Banking Commissioner Howard F. Pitkin said Wednesday Bankers Life and its BLC Financial Services Inc. affiliate will pay Connecticut $965,469 as part of a $9.9 million multistate settlement.
Bankers Life also must pay $5,000 for past due agent licensing fees.
According to the company’s homepage, it has a Connecticut office at 20 Batterson Road in Farmington.
