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Media contact: Public Affairs, (360) 725-7055
November 2, 2023
OLYMPIA, Wash. — Sovereign Nations Insurance, LLC, has signed a settlement agreement with Insurance Commissioner Mike Kreidler and has agreed to cease its operations in Washington state.
Kreidler ordered Sovereign Nations to stop selling unauthorized insurance products in Washington last year, issuing a cease-and-desist order on December 20. The company requested a hearing in response.
Per the settlement agreement, signed on November 1, the company will end all insurance business in Washington and not re-enter the state insurance market. In return, Kreidler’s office will not fine the company for selling insurance without authorization from the OIC.
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