Monday, July 26, 2010

WA insurance enforcement actions: $30k in fines against insurers, a dozen agents & brokers disciplined

In the second quarter of 2010, the Washington state insurance commissioner's office:
  • levied more than $30,000 in fines against insurance companies for violations including improper rate-setting
  • ordered several companies to stop selling illegal insurance,
  • and disciplined a dozen agents and brokers for violations including diverting premium dollars for personal use.
To read the list -- and this quarter's is unusually long -- please click here.