Washington Insurance Commissioner Mike Kreidler issued fines in March totaling $578,363 against insurance companies that violated state insurance laws and regulations.
Following is a breakdown of who was fined, and the commissioner’s stated reasons for the actions:
Insurance companies
The Standard Insurance Co., Portland, Oregon; fined $500,000
Standard issues disability insurance to the state Health Care Authority for public employees’ benefits and did so using forms that had not been filed with the insurance commissioner. As part of the resolution to the matter, the OIC also issued a technical assistance advisory to disability insurers operating in Washington.
Kaiser Foundation Health Plan of Washington, Seattle, Washington.; fined $30,000
Kaiser erroneously denied an appeal request and did not use its full legal name on 2022 marketing materials.
Unauthorized insurers
Christian Care Ministry, Melbourne, Florida.; fined $38,363
Christian Care Ministry acted as an unauthorized insurer by offering its disability income program in Washington between 2007 and 2020. The company was also ordered to stop selling insurance in Washington. The total includes a $25,000 fine and $13,363 for taxes, penalties and interest due.
Eusoh, Inc.; fined $20,000 with $10,000 suspended
Eusoh acted as an unauthorized insurer by offering pet insurance online.
Since 2001, Kreidler has assessed more than $38 million in fines, which are directed to the state’s general fund to pay for state services.
Topics Washington
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