If an insurance company takes your money, getting it back shouldn’t be a problem. That’s the basis behind Senate Bill 5331, which grants the Washington state Insurance Commissioner the authority to order companies that violate insurance laws to make the people they’ve harmed whole.
It’s an authority held by insurance regulators in 38 states —including North Dakota, where Insurance Commissioner Jon Godfread worked to get a bill similar to SB 5331 passed last April.
On this episode of the OIC's On Campus podcast miniseries, Godfread joins Insurance Commissioner Patty Kuderer to talk about why he supported the bill, the discussions around passing it, and how a family of farmers defrauded by an insurance company showed the North Dakota legislature the importance of granting restitution authority to regulators.
Washington state Insurance Commissioner Patty Kuderer will be hosting lawmakers and other guests from her office on the Capitol Campus during the 2026 session.
|
