CHART: POLICYHOLDER RESTITUTION

Under Prudential Insurance Co. of America's settlement with New York Attorney General Eliot Spitzer last week, the insurer agreed to pay a total of $19 million in fines and restitution. The settlement agreement requires that Prudential:

• Pay the state of New York a penalty of $2.5 million and deposit $16.5 million into a fund for policyholders no later than Dec. 19.
• Propose to the attorney general a plan for distribution of the fund to eligible policyholders no later than Feb. 15, 2007. Eligible policyholders are those who were represented by producers receiving contingent compensation or other service fees between Jan. 1, 2002, and Dec. 31, 2005.

• Calculate the amount of money each eligible policyholder may receive no later than 60 days after the attorney general approves the distribution plan.

• Pay proportionally each policyholder within 60 days of the claim deadline. Eligible policyholders have until 120 days from when the settlement notices are sent out, or Oct. 1, 2007, whichever is later, to request a distribution.