December 4, 2014
OLYMPIA, Wash. – Insurance Commissioner Mike Kreidler disciplined and issued fines in November 2014 totaling $9,250 against insurance companies, agents and brokers who violated state insurance regulations.
The names of the licensees are linked to the disciplinary order that contains more information about each action.
Rotary Foundation of Rotary International, Evanston, Ill.; fined $7,500
The Rotary issued seven charitable gift annuities between 2006 and 2013 totaling more than $680,000 without a valid certificate of exemption. Rotary has since applied for the certificate and is authorized to issue charitable gift annuities.
Candice V. Blain, Atlanta; fined $250, license reinstated
The Office of the Insurance Commissioner (OIC) revoked Blain’s license in November 2013 when she failed to respond to three inquiries from the licensing unit. In August 2014, Blain requested that the OIC rescind the revocation and agreed to a $250 fine for failing to respond. Blain’s license was reinstated once she paid the fine.
Kyle E. Bradbury, Walla Walla; license revoked
A homeowners association paid Bradbury more than $1,200 in premiums for an insurance policy he never obtained for the group, leaving it uninsured for all of 2013. Bradbury gave the group a receipt that contained policy information for another party. Bradbury did not cooperate with the OIC’s investigation into this activity.
Dennis V. Bey & Business Insurance Management, Inc.; Bellevue; fined $500
A financial examination revealed the company does not have an adequate accounting system and that its accounts were set up incorrectly. The OIC gave the company instructions for complying with state insurance rules and found during a follow-up examination that none had been instituted. Bey agreed to pay a $500 fine and will have a probationary license for two years.
Michelle K. Curtis, West Linn, Ore.; fined $500
Curtis falsely inflated the value for nine cars when she got auto insurance quotes for them, which had the effect of decreasing the premiums. The insurance company terminated her employment and reported her to the OIC. Curtis surrendered her license.
Shane Schilling, Ramsey, Minn.; fined $500
The OIC revoked Schilling’s license in July 2014 for failure to respond to inquiries. Schilling seeks to reinstate his license and agrees to pay a $500 fine for violating state insurance code.
Seguros Pacific Insurance Brokers and John B. Elliott, Tacoma; licenses revoked
The OIC conducted three financial examinations of Seguros and Elliott between 2011 and 2013, none of which showed they were complying with insurance code requirements for financial reconciliations and records retention. The licensees failed to provide the requested records on multiple occasions; the OIC issued a final warning in April 2014, to which the licensees failed to respond. Under the terms the parties agreed to, the licenses are revoked as of October 2014.
Kreidler’s office oversees Washington’s insurance industry to ensure that companies, agents and brokers follow state laws. Since 2001, Kreidler's office has assessed more than $18 million in fines, which are deposited in the state's general fund to pay for other state services.
For an insurance question or complaint, please contact the OIC’s consumer advocates at 800-562-6900 or online.