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North Dakota getting $85K through Aviva settlement

BISMARCK, N.D. (AP) -- North Dakota is getting nearly $85,000 through a multi-state settlement with the Aviva life insurance company.

The settlement results from an investigation into the practices of the 40 largest life insurers. The new owners of Aviva's life insurance business have agreed to a number of reforms, including using the Social Security Administration's death master file to search for deceased life insurance policyholders so beneficiaries are paid.

North Dakota Insurance Commissioner Adam Hamm says the settlement calls for Iowa-based Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York to pay $4 million.