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VOYA > SEC Filings for VOYA > Form 8-K on 7-Jun-2013All Recent SEC Filings

Show all filings for ING U.S., INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ING U.S., INC.


7-Jun-2013

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure

On June 6, 2013, ING U.S., Inc. and its subsidiary insurance companies
(collectively, the "Company") executed a Global Resolution Agreement ("GRA")
with VERUS Financial LLC ("VERUS"). The GRA establishes a process to resolve a previously disclosed unclaimed property audit that VERUS initiated in December 2010 on behalf of a number of states and the District of Columbia (collectively, the "Jurisdictions"). The GRA becomes effective only upon execution by at least 28 Jurisdictions on or before October 1, 2013. In the GRA, the Company expressly denies that it has engaged in any wrongdoing or violated any law, or that it has any liability related to the disposition of unclaimed or other property. The GRA establishes procedures for determining whether amounts may be payable under certain life insurance policies, annuity contracts, and retained asset accounts. It also establishes procedures for seeking to locate and pay beneficiaries and owners and for escheating benefits (with interest in certain circumstances) to relevant Jurisdictions. As previously disclosed in the Company's final registration statement in connection with its initial public offering (SEC file number 333-184847), the Company reported a 2011 pre-tax increase in its death benefit reserves of $68.9 million, net of Deferred Acquisition Costs, in connection with its use of the Social Security Administration's Death Master File to identify potential life insurance claims that had not yet been presented to it. The Company does not expect to require further increases in its reserves to resolve this and related matters.


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