Ausbil Investment Management Limited

Allegations: IN JANUARY 2017, NYLIFE SECURITIES LLC ENTERED INTO A CONSENT AGREEMENT WITH THE INDIANA SECRETARY OF STATE, SECURITIES DIVISION, ARISING OUT OF CERTAIN ILLEGAL OUTSIDE BUSINESS ACTIVITIES CARRIED OUT BY FORMER REGISTERED REPRESENTATIVE RICHARD A. SCHWARTZ. THE CONSENT AGREEMENT DOES NOT CONSTITUTE A FINDING OR DETERMINATION AGAINST NYLIFE OF ANY VIOLATION OF THE INDIANA UNIFORM SECURITIES ACT OR RELATED REGULATIONS NOR WAS THERE ANY ADMISSION OF MISCONDUCT OR VIOLATIONS OF LAW. NYLIFE AGREED TO PAY A CIVIL PENALTY OF $200,000. NYLIFE ALSO AGREED TO REIMBURSE THE STATE OF INDIANA FOR INVESTIGATIVE COSTS OF $50,000 AND TO MAKE A $25,000 CONTRIBUTION TO THE INVESTOR PROTECTION TRUST, WASHINGTON, D.C. Status: Final Sanction Detail: NYLIFE PAID AN ADMINISTRATIVE FINE IN THE AMOUNT OF $3,750.00 AND COSTS TO THE BUREAU OF SECURITIES REGULATION IN THE AMOUNT OF $3,750.00 FOR A TOTAL PAYMENT OF $7,500.00. Summary: SEE ABOVE

Allegations: NYLIC ADMITED TO THE FACTS AND ACCEPTED THE MARYLAND ADMINISTRATION'S CONCLUSIONS AS STATED IN THE EXAMINATION REPORT (MCLH-17-2011-E), IN RELATION TO NOT OFFERING THE BENEFICIARY IN WRITING AN EXPLANATION OF FEATURES OF THE RETAINED ASSET ACCOUNTS. NYLIC DENIED LIABILITY TO ANY THIRD PARTY AS A RESULT OF THE VIOLATIONS. NYLIC AND THE MARYLAND ADMINISTRATION AGREE TO THE TERMS OF THE ORDER WHERE NYLIC PAID $1000.00 IN PENALTIES AND IMPLEMENTED REMEDIAL MEASURES. Status: Final Sanction Detail: NYLIC AND THE MARYLAND ADMINISTRATION AGREE TO THE TERMS OF THE ORDER WHERE NYLIC PAID $1000.00 IN PENALTIES AND IMPLEMENTED REMEDIAL MEASURES. (ADV) NYLIC ADMITED TO THE FACTS AND ACCEPTED THE MARYLAND ADMINISTRATION'S CONCLUSIONS AS STATED IN THE EXAMINATION REPORT (MCLH172011E), IN RELATION TO NOT OFFERING THE BENEFICIARY IN WRITING AN EXPLANATION OF FEATURES OF THE RETAINED ASSET ACCOUNTS. NYLIC DENIED LIABILITY TO ANY THIRD PARTY AS A RESULT OF THE VIOLATIONS. NYLIC AND THE MARYLAND ADMINISTRATION AGREE TO THE TERMS OF THE ORDER WHERE NYLIC PAID $1000.00 IN PENALTIES AND IMPLEMENTED REMEDIAL MEASURES. Summary: SEE ABOVE

Allegations: A CIVIL PENALTY TO NEW YORK LIFE INSURANCE COMPANY BECAUSE A THIRD PARTY ADMINISTRATOR WORKING ON ITS BEHALF FAILED TO COMPLY WITH THE HEALTH INSURANCE CLAIM PAYMENT STANDARDS UNDER THE KENTUCKY PROMPT PAY ACT. Status: Final Sanction Detail: NYLIC PAID $6000 TO THE STATE OF KENTUCKY ON OCTOBER 30, 2014. Summary: SEE ABOVE

Allegations: AS THE RESULT OF A ROUTINE MARKET CONDUCT EXAMINATION OF THE AFFAIRS OF NEW YORK LIFE INSURANCE COMPANY FOR THE PERIOD FROM JANUARY 1, 2005 THROUGH DECEMBER 31, 2009, THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES FOUND THAT NEW YORK LIFE VIOLATED SECTIONS 533.5(A), 53.35(B), 533.2(A)(2) AND 533.6(B) OF DEPARTMENT REGULATION NO. 74 AS WELL AS NEW YORK INSURANCE LAW SECTION 3201(B)(1). Status: Final Sanction Detail: IN OCTOBER 2016, NEW YORK LIFE PAID A CIVIL PENALTY OF $ 732,067.00. (ADV) IN OCTOBER 2016, NEW YORK LIFE INSURANCE COMPANY PAID A CIVIL PENALTY OF $732,067.00. (BD) Summary: SEE ABOVE

Allegations: DURING THE COURSE OF A ROUTINE MARKET CONDUCT EXAM, THE STATE OF CONNECTICUT INSURANCE DEPARTMENT (THE STATE) FOUND NEW YORK LIFE INSURANCE COMPANY DID NOT TIMELY PAY LONG TERM CARE CLAIMS IN FOUR INSTANCES. Status: Final Sanction Detail: NYLIC WAS FINED $1,000.00, WHICH WAS PAID TO THE S TATE IN DECEMBER 2017. Summary: SEE ABOVE

Allegations: THE KANSAS INSURANCE DEPARTMENT CONDUCTED A MARKET CONDUCT EXAM FOR THE TIME PERIOD COVERING 2010 -2012. IN A SUBSEQUENT REPORT, THEY CITED A VIOLATION OF K.S.A. 40-2404( 10) DUE TO INACCURATE FINAL DISPOSITION DATES FOR THREE COMPLAINTS ON NYLIAC'S COMPLAINT LOG FOR THE YEARS 2010, 2011 AND 2012. ON AUGUST 28, 2014 NYLIAC PAID $500 TO THE STATE OF KANSAS. Status: Final Sanction Detail: NYLIAC PAID $500 TO THE STATE OF KANSAS ON AUGUST 28, 2014. Summary: SEE ABOVE