OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in December totaling $55,500 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations.
Insurance companiesLifeWise Assurance Company, Mountlake Terrace, Wash.; fined $25,000 (order 22-0672).
LifeWise didn’t provide the required transparency tools for student insurance plans, failed to explain the internal review officer will accept additional information for up to five business days, and failed to process two appeals within the required 30-day…