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OLYMPIA, Wash. — Insurance Commissioner Patty Kuderer’s bill to provide restitution to for policyholders who are harmed by their insurance company or agent passed the Washington state Senate on Wednesday, 29 to 20. The bill also provides fining parity for all insurance entities regulated by the Office of the Insurance Commissioner.
“As the consumer watchdog, people expect us to help them when they’ve been harmed by a company they’ve trusted,” Kuderer. “They expect us to be able to make them whole.”
The bill, requested by Kuderer and prime sponsored by Senator Adrian Cortes (D – Battle Ground), grants the Insurance Commissioner the authority to require a company or person violating insurance laws to pay restitution.
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