Washington State Office of the Insurance Commissioner | LinkedIn (2024)

Washington State Office of the Insurance Commissioner | LinkedIn (1)

Washington State Office of the Insurance Commissioner | LinkedIn (2)

Government Administration

Olympia, WA 1,146 followers

We protect insurance consumers and regulate the insurance industry in Washington state.

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About us

The Washington state Office of the Insurance Commissioner, led by Commissioner Mike Kreidler, protects insurance consumers. It also oversees the insurance industry, ensuring that companies follow the rules and Washington consumers get what they pay for. We also answer questions and investigate problems for more than 100,000 people a year, and maintain a statewide network of volunteers to advise consumers on health-coverage issues.Commissioner Kreidler is Washington’s eighth insurance commissioner. A former member of Congress, he was first elected as insurance commissioner in 2000. He was re-elected to a fourth term in 2012. A doctor of optometry with a master's degree in public health, Kreidler practiced at Group Health Cooperative in Olympia for 20 years, with 16 of them shared with the Washington State Legislature. He served as a member of the Northwest Power Planning Council and as regional director for the U.S. Department of Health and Human Services.He retired as a lieutenant colonel from the Army Reserves with 20 years of service.

Website
http://www.insurance.wa.gov

External link for Washington State Office of the Insurance Commissioner

Industry
Government Administration

Company size
201-500 employees

Headquarters
Olympia, WA

Type
Government Agency

Founded
1890

Locations

Employees at Washington State Office of the Insurance Commissioner

  • John Pestinger Project Manager / Management Analyst 5 ≡✪≡ Air Force Veteran ≡✪≡ Experienced Insurance Professional
  • Chris Free Creative finance and governance wonk working on projects that genuinely make the world a better place.
  • Hal Bisnett Market Conduct Examiner at WA State Office of the Insurance Commissioner
  • Lisa Whiton

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Updates

  • Washington State Office of the Insurance Commissioner

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    Starting June 1, your insurance company has to tell you why your home or auto premiums have gone up. Learn more about Washington's new transparency rule on the OIC Answers podcast: https://lnkd.in/gF2JySZV

    ‎OIC Answers on Insurance: OIC Answers: What's a transparency rule? on Apple Podcasts podcasts.apple.com

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  • Washington State Office of the Insurance Commissioner

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    Thirteen insurers have requested an average 11.3% rate change for 2025 individual health insurance market plans in Washington state. Read more here: https://lnkd.in/giS7Ebkq

    Thirteen insurers request average 11.3% rate change for 2025 individual health insurance market | Washington state Office of the Insurance Commissioner insurance.wa.gov

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  • Washington State Office of the Insurance Commissioner

    1,146 followers

    • Report this post

    Starting June 1, your insurance company has to tell you why your home or auto premiums have gone up. Learn more about Washington's new premium transparency rule: https://lnkd.in/gKXaYhUb

    New premium change transparency rule starts June 1 | Washington state Office of the Insurance Commissioner insurance.wa.gov

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  • Washington State Office of the Insurance Commissioner

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    The Office of the Insurance Commissioner offices will be closed on Monday, May 27, in observance of Memorial Day.

    • Washington State Office of the Insurance Commissioner | LinkedIn (23)

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  • Washington State Office of the Insurance Commissioner

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    We're hiring! We've got new listings for two jobs based in our Tumwater office:- One permanent Medicare Complaints Coordinator (HIA1) position in the Consumer Protection Division (up to $6,510 a month).- One permanent Paralegal 2 position in the Legal Affairs Division (up to $6,510 a month).Check out all our openings: https://lnkd.in/gn2V465c

    Office of the Insurance Commissioner governmentjobs.com

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  • Washington State Office of the Insurance Commissioner

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    Our Health & Life Actuarial Services is hiring an Actuarial Analyst 1 to join our team. Working in our Rates, Forms & Provider Networks division, you would review and act on basic health and disability insurance rate filings and help review ACA binder filings. The position pays up to $5,214 a month.Apply here: https://lnkd.in/gMcrp6Hb

    Office of the Insurance Commissioner governmentjobs.com

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  • Washington State Office of the Insurance Commissioner

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    May is Older Americans Month and this year's theme is Powered by Connection. What's a great way to build the meaningful relationships and social connections that support health and well-being? Volunteering! Our Statewide Health Insurance Benefits Advisors are always looking for new Medicare advisors. Hear our SHIBA program director Tim explain how the program helps Medicare enrollees, and their families, on our OIC Answers podcast: https://lnkd.in/dATm8Xvu

    ‎OIC Answers on Insurance on Apple Podcasts podcasts.apple.com

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  • Washington State Office of the Insurance Commissioner

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    The newest piece of our Climate Summit Series is now up: Climate Change in the American Mind, by Dr. Anthony Leiserowitz from the Yale Program on Climate Change Communication. Learn more about our Climate Summit Series here: https://lnkd.in/gtzkygSYhttps://lnkd.in/gZrcEEpS

    Climate Summit Series 2024: Climate Change in the American Mind

    https://www.youtube.com/

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  • Washington State Office of the Insurance Commissioner

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    On the latest episode of OIC Answers, Amy Teshera from the OIC's Consumer Advocacy Program talks about what happens (from an insurance standpoint) after a natural disaster damages or destroys your home, and how the OIC helps people navigate the claims process after a large-scale event.https://lnkd.in/ghRiZQt8

    ‎OIC Answers on Insurance: OIC Answers: Am I ready for a natural disaster? on Apple Podcasts podcasts.apple.com

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  • Washington State Office of the Insurance Commissioner

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    It's wildfire awareness month. We've blogged about the benefits of the Wildfire Prepared program, but here's a time-lapse clip showing how structures hold up.Read more about wildfire preparations here: https://lnkd.in/ghTJAB2R

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Washington State Office of the Insurance Commissioner | LinkedIn (2024)

FAQs

What does the Insurance Commissioner of Washington state do? ›

Our work includes: Holding down costs to consumers by reviewing insurers' proposed rates. Answering questions and investigating problems from more than 100,000 consumers each year. Recovering millions of dollars a year for consumers with insurance disputes or delays.

Who governs insurance companies in Washington state? ›

Washington state Office of the Insurance Commissioner.

How do I contact the Washington DOI? ›

Call us at 800-562-6900, 8 a.m. to 5 p.m., Monday through Friday. Send us a message.

What is OIC in insurance? ›

The Office of the Insurance Commissioner (“OIC”) regulates the insurance industry in Washington state to make sure its rules are followed. OIC's regulatory authority extends over insurance agents. OIC investigates complaints by consumers relating to agents and companies.

Which of the following is a duty of the Insurance Commissioner? ›

Duties and powers of insurance commissioners

Approval of insurance rates. Periodical financial examinations of insurers. Licensing of companies, agencies, agents, and brokers. Monitoring and regulating claims handling.

How much does the Washington state Insurance Commissioner make? ›

$137,700

How long does an insurance company have to settle a claim in WA? ›

Insurance companies in Washington have 45 working days to settle a claim after it is filed. Washington insurance companies also have specific time frames in which they must acknowledge the claim and then decide whether to accept it, before paying out the final settlement.

How long does an insurance company have to investigate a claim in Washington? ›

30 Days – An insurer must let you know if your claim is being accepted or denied within 15 working days after receipt of a properly executed proof of loss.

What is unfair claims practice? ›

Unfair claims practice is the improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices, an insurer tries to reduce its costs. However, this is illegal in many jurisdictions.

What does the Washington Department of Revenue do? ›

The unit represents the Department of Revenue (DOR), the state agency responsible for the administration of the state's excise tax laws. DOR also exercises overview responsibility over the administration of the state's property tax laws.

How do I contact a state representative in Washington state? ›

Do you want to send a message to your Senator or Representative? Call our HOTLINE at 1-800-562-6000 (TTY for Hearing Impaired 800.833. 6388).

How do I contact the Department of Revenue in Washington state? ›

Telephone Information Center
  1. Mon through Fri, 8 a.m. - 5 p.m. (PT) ...
  2. 360-705-6741 Business licensing.
  3. 360-705-6705 Tax assistance.
  4. 360-705-6706 Español (impuestos y licencias)
  5. 360-704-5900 Remote sales and consumer use tax.
  6. 360-534-1324 Forest tax.
  7. 360-534-1502 Claims and holder reporting.

Who is the WA state Insurance Commissioner? ›

The Washington State Office of the Insurance Commissioner was created in 1889–90, and became a separate agency in 1907 with an elected commissioner. The current commissioner is Mike Kreidler, a Democrat first elected in 2000 and reelected five times.

What does OIC mean in claims? ›

Official Injury Claim (OIC)

The OIC is a service supporting individuals to make their own personal injury claim following a road traffic accident in England and Wales. The service is run by the Motor Insurers' Bureau on behalf of the Ministry of Justice.

What does OFC mean in insurance? ›

Optional Federal Charter (OFC) is a proposal to streamline and simplify US insurance regulation by allowing insurance companies to choose between a current state-based regulatory system and a single federal regulatory agency.

Which of the following is a power of the commissioner of insurance? ›

Some of the powers they do have include promulgating rules and regulations to ensure compliance, liquidating failing insurance companies when necessary for solvency, and issuing subpoenas and administering oaths during investigations.

Why do states have insurance commissioners? ›

Insurance commissioners act as advocates for consumer protection, regulators of insurance, and educators who are able to provide consumers with information that pertains to the insurance system within a particular state.

What is the main role of the commissioner and the Department of Insurance quizlet? ›

The Insurance Commissioner has the authority to enforce laws relating to insurance. The Commissioner does not write or rewrite the Insurance Code, nor does the Commissioner have authority to set insurance rates.

Who runs Washington Policy Center? ›

Washington Policy Center
MottoImproving lives through market solutions
ChairKevin Bouchey
President and CEOMichael Gallagher
Staff25
Budget$3.4 million (2021)
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