OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in June totaling $40,863 against insurance companies and insurance producers who violated state insurance laws and regulations.
Unauthorized insurersDrico Insurance Company, Salt Lake City, Utah; fined $1,000 (order 23-0133).
Drico, a nonresident captive insurer, transacted insurance business in Washington without being registered to do so by the OIC.Christian Care Ministry, Melbourne, Fla.; fined $33,363 (order 22-0132).
Christian Care Ministry, Inc. acted as an unauthorized insurer by…