The bill amends RCW 48.05.185 to allow the insurance commissioner to levy fines on authorized insurers in addition to or instead of suspending, revoking, or refusing to renew their certificate of authority. The maximum fine for each violation has been increased from a previous cap of ten thousand dollars to a new limit of $25,000. The bill also specifies that the period for paying the fine must be between 15 and 30 days from the date of the order, ensuring a clear timeframe for compliance.

Additionally, the bill outlines that if an insurer fails to pay the fine within the specified period, the commissioner is required to revoke the insurer's certificate of authority if it has not already been revoked. The collection of the fine will be pursued through a civil action by the attorney general on behalf of the commissioner, and any fines collected will be directed to the state treasurer for the general fund.

Statutes affected:
Original Bill: 48.05.185