Updates from the OIC



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Kuderer to testify on request bill ordering restitution for wronged policyholders
 

 


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OLYMPIA, Wash. — If an insurance company violates Washington state law in a way that financially harms a policyholder, the path to financial justice goes through the court system.

House Bill 1199 [ [link removed] ], agency request legislation prime sponsored by Representative Jamila Taylor (D–Federal Way), would close that loophole by granting the state Insurance Commissioner’s office the authority to require a company or person committing illegal actions to pay restitution.

Insurance Commissioner Patty Kuderer will testify to the House Consumer Protection and Business Committee about HB 1199 on Friday morning.

“Their only way to get their money back is to take the company or person to court,” Kuderer said. “Any fine we collect goes into the state general fund. It does not make the policyholder whole.”

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