OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in March totaling $578,363 against insurance companies that violated state insurance laws and regulations.
Insurance companiesThe Standard Insurance Company, Portland, Ore.; fined $500,000 (order 20-0881 (fortress.wa.gov)).
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 this matter, the OIC also issued a Technical Assistance Advisory to…