MetLife refunds premiums, pays out claims after probe by R.I. officials

METLIFE RECENTLY REACHED an agreement with Rhode Island authorities to continue refunding premiums to customers whose policies were no longer in effect or who had beneficiaries no longer eligible for coverage. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
CRANSTON – Metropolitan Life Insurance Co. will continue refunding life insurance premiums it inadvertently collected after policies or coverage had expired, according to a consent agreement between the company and state regulators. The agreement, dated Aug. 19, calls for MetLife to “complete the remediation process” even after having refunded more than $1.2 million in premiums…

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