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MARYLAND INSURANCE ADMINISTRATION

Case No.

Policy No.

District

00171058457

895238685M

B16

99172035019

904941906UL

B16

98026029622

874532984M

J86

99222051655

894931569M

J86

99221053874

894535992A

B16

99181043999

894844743UL

P57

99158047856

885246058UL

B16

99088045446

894843723UL

P57

99064036913

922908812A

J86

98336035655

933104972M

J86

00000000000

904847957A

J86

98183045994

904238766UL

J86

00000000000

976606003UM J86

Agent 808-1 801-4 636-1 636-1 808-1 001-3 808-1 001-3 860-4 860-4 860-4 636-1 636-1

Transaction

Valid

Replacement

Yes

Replacement

Yes

Policy Provisions

Yes

Replacement

Yes

Replacement

Yes

Replacement

Yes

Replacement

Yes

Replacement

Yes

Replacement

Yes

Replacement

Yes

Misrepresentation

Yes

Replacement

Yes

Misrepresentation

Yes

JUNE 24, 2004

The examiners identified 6 transactions that were misrepresentations, which are violations of COMAR 31.09.05.10B Unfair Trade Practices “if an agent, broker or insurer recommends the replacement or conservation of an existing policy by use of an inaccurate presentation or comparison of an existing contract’s premiums, benefits, dividends, or values.”

The following complaints extracted from Company logs and records were categorized by the examiners as misrepresentations:

Policy No.: 874347190UL (issued June 8, 1987) Policy No.: 856233075A (issued December 18, 1986) Policy No.: 812812359PR (issued April 18, 1991) Final determinations could not be made on these policies as intervening years prevented further investigation

The examiners identified 15 transactions that were replacements, and the applicants had not signed indicating they knew existing insurance was being replaced, which are violations of COMAR 31.09.05.06B, and COMAR 31.09.05.02B which states replacement means any

_____________________________________________________________________________________________

MET LIFE REPORT NO. 786-01

PAGE 31

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