Bill > HB1199

This bill strengthens consumer protection by expanding the Washington State Insurance Commissioner's enforcement powers. The bill modifies existing law to allow the commissioner to take more comprehensive actions against insurance companies that violate the insurance code. Specifically, the commissioner can now issue cease and desist orders, bring court actions to stop violations, and order restitution payments to affected consumers. The restitution provisions require that any owed money be paid with 8% simple interest within 30 days of the order. Additionally, the bill updates the fine structure for insurers, increasing the potential penalty range from $250-$10,000 per violation, with the commissioner empowered to levy these fines after a hearing or with the insurer's consent. If an insurer fails to pay the fine, the commissioner can revoke their certificate of authority, and the fine would be collected through a civil action by the attorney general. These changes are designed to provide stronger accountability and consumer protections in the insurance industry by giving the commissioner more robust tools to address regulatory violations.

Business and Industry

https://app.leg.wa.gov/billsummary?BillNumber=1199&Year=2025&Initiative=false