The bill aims to enhance consumer protection by increasing accountability for insurers who violate the insurance code in Washington State. It amends existing laws to empower the insurance commissioner with additional enforcement tools. Specifically, the commissioner can now issue cease and desist orders, bring actions to enjoin violations, and order restitution for economic damages, which must be paid within 30 days. The bill also clarifies the definitions related to restitution, including the timeline for when obligations arise and the exclusion of providers from restitution claims.

Additionally, the bill modifies the penalties for insurers found in violation of the insurance code. It establishes a fine structure that ranges from $250 to $10,000 per violation, with specified timeframes for payment. The amendments ensure that if an insurer fails to pay the fine, the commissioner can revoke their certificate of authority, and the fine can be pursued through civil action by the attorney general. Overall, these changes are designed to strengthen the enforcement capabilities of the commissioner and provide better protection for consumers in the insurance market.

Statutes affected:
Original Bill: 48.02.080, 48.05.185
Substitute Bill: 48.02.080, 48.05.185