Washington Insurance Commissioner Fines Producers, Insurers

Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $11,000 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations.

Following are the entities fined, and how much they were fined:

Unauthorized Insurers

DNProtect, Epik Holdings Inc., Epik Inc., and Rob Monster, Bellevue, Wash.; fined $10,000.

Epik Inc., which registers internet domain names, reportedly solicited and advertised “domain name insurance” or “domain ownership coverage” — offered by DNProtect — without authorization to sell insurance in the state.

Producers and brokers

• Petronilla Sefo McKenzie, Mission Hills, Calif.; fined $250
• Benefit Group Inc., Bloomfield Hills, Mich.; fined $250
• Evergreen Financial Group Inc., Camas, Wash.; fined $250
• Coastal Community Bank, Everett, Wash.; fined $250

Since 2001, Kreidler has assessed more than $38 million in fines, which are directed to the state’s general fund to pay for state services.

Topics Carriers Washington