-- Sony Financial (TYO:8729) said its unit, Sony Life Insurance, received an order from the Financial Services Agency to submit reports under the Insurance Business Act, according to a delayed Friday filing on the Tokyo Stock Exchange.
The order relates to the insurer's handling of misconduct cases and an ongoing review of customer policy status. Sony Financial said the impact on its consolidated earnings is unclear.
Sony Life said it takes the order seriously and will work to strengthen controls, prevent misconduct and improve oversight of customer policies. It plans to report progress on its internal review by the end of May.