The Washington insurance commissioner has fined a company $100,000 and barred it from selling insurance policies in the state after promising gun owners insured criminal activity.
The Seattle Times reported that United States Concealed Carry Association, Inc. advertised the insurance plan as immediate coverage for criminal defense costs if a member was charged with a crime related to the intentional use of a firearm or other weapon.
Authorities say it is illegal in Washington state to insure criminal activity.
The Wisconsin-based company has agreed to pay the fine and $5,457 in unpaid premium taxes, penalties and interest.
The company sold insurance to about 1,700 Washington state residents between December 2018 and January 2019 and is working on a membership delivery structure that would be considered acceptable.
Topics Carriers Washington
Was this article valuable?
Here are more articles you may enjoy.

Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens
Lawyers, Traders Among 30 Charged in Global Insider Trading Case
Hedge Funds Make Their Move as Litigation Finance Assets Slump 

