Talcott life insurance premium tax charge settlement

Case

Arbuckle Funding LLC et al. v. Talcott Resolution Life & Annuity Insurance Company et al.

Court

U.S. District Court, Southern District of New York

Case number

7:23-cv-07972-CS

Administrator

JND

Official site

www.premiumtaxsettlement.com

Settlement fund

$11 million

Full payout terms

Share of $11 million, based on your overchargeA payment from the $11 million Settlement Fund under the court-approved Plan of Allocation, after court-approved administration expenses, attorneys' fees and expenses (up to one-third) and incentive awards. Address Update and Rate Update claims receive 100% of the alleged overcharge less a proportional share of fees, expenses and awards; disputed Retaliatory Tax Rate claims are paid a lower percentage from the remainder. No per-person amount is published.

Opt-out (exclusion) deadline

Aug 26, 2026 (passed) source document

Objection deadline

Aug 26, 2026 (passed) source document

Final approval hearing

Sep 24, 2026 (passed) source document

Final approval granted

Sep 24, 2026 From the court order we read.Order granting final approval (Dkt. 141), signed by Judge Cathy Seibel with the handwritten date 'ENTERED this 24th day September of 2026' on its last page (read on the scanned copy posted on the official site); the docket stamp reads 'Filed 09/25/26', and the Rule 54(b) Judgment (Dkt. 142, dated September 30, 2026) calls it 'the Court's Order dated September 25, 2026'. The site's FAQ 13 says final approval was granted on September 24, 2026, the day of the hearing. Source: court record

the Court finally certifies, for settlement purposes only, the following Premium Tax Settlement Class: all current and former Policyowners of all Premium Tax Settlement Class Policies. "Policyowners" are defined as "owners of one or more Premium Tax Class Settlement Policies." "Premium Tax Class Settlement Policies" are defined as "individual universal life or variable universal life insurance policies issued or insured by Defendants, with the subject Premium Tax Change Language, and for which a premium payment subject to one or more of the Premium Tax Claims was made during the Class Period and as described in the Fourth Amended Complaint and (1) for which a new address was registered with Defendants or Prudential after issuance, and which were assessed a Premium Tax Charge Rate in excess of the Statutory Premium Tax Rate assessed by the State associated with the new registered address; or (2) for which an address in Arizona, Connecticut, the District of Columbia, Idaho, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, New Hampshire, New York, Ohio, Oregon, South Carolina, or Wyoming was registered with Defendants or Prudential."

Quoted from the official notice. Read the notice for the full definition.

Our notes: Per the site and notice, you are in the class if you own or owned a universal life or variable universal life insurance policy issued by Talcott Resolution Life & Annuity Insurance Company or Talcott Resolution Life Insurance Company (or their predecessors, including Hartford Life and Annuity Insurance Company and Hartford Life Insurance Company), whose premium tax charge depends on your state (or municipality) of residence, and which was hit by at least one of: (1) the Address Change Issue: your address of record changed after issue to a state with a lower premium tax rate and the rate was not properly adjusted; or (2) the Tax Rate Issues: your address of record was in Arizona, Connecticut, the District of Columbia, Idaho, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Nebraska, New Hampshire, New York, Ohio, Oregon, South Carolina or Wyoming and an allegedly incorrect premium tax rate was applied. Premiums must have been paid in time periods that vary by state and issue (Exhibit B of the Settlement Agreement), generally between 2015 and early 2025. Excluded: officers or directors of the Talcott defendants or Prudential; Judge Cathy Seibel, Magistrate Judge Judith C. McCarthy and any judicial officer assigned, with their immediate families and judicial staff; anyone employed in Class Counsel's firm; and policyowners who timely asked to be excluded. The settlement covers premium tax charges only, not cost-of-insurance (COI) claims, which continue to be litigated. Policyowners can be people or businesses (the named plaintiffs are companies).

You may be included if you own or owned a Talcott or Hartford universal life or variable universal life policy with a premium tax charge.

It covers overcharges after a move to a lower-tax state or an address in AZ, CT, DC, ID, IL, IN, IA, KY, MI, MN, NE, NH, NY, OH, OR, SC, WY.

You are not included if you are a Talcott or Prudential officer or director, a judge or court staff, Class Counsel staff, or opted out.

Every fact people act on was copied from the official source and compared with it. How we check

• Official settlement site home page administrator site
• Official FAQ administrator site
• Long Form Notice (hosted on the official site) administrator site
• Order Granting Final Approval of Premium Tax Settlement Class Action Settlement, S.D.N.Y. No. 7:23-cv-07972, Dkt. 141 (scanned copy on the official site, read by OCR) court record
• Rule 54(b) Judgment, S.D.N.Y. No. 7:23-cv-07972, Dkt. 142, dated September 30, 2026 (hosted on the official site) court record

• Oct 31, 2026 Corrected the final approval date to September 24, 2026 (the judge's handwritten date on the order; the docket stamp reads Filed 09/25/26) per the official order. source document
• Oct 31, 2026 Page created. No claim form: payment is automatic. source document