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The reason we took action was because the policies had no mechanism to make sure the payments made to policyholders who were later convicted of a crime were repaid to the insurer. The insurer could’ve changed its policy language to correct this, but instead it chose to withdraw them.

This release details more about the issue.

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WA State Office of the Insurance Commissioner
WA State Office of the Insurance Commissioner

Written by WA State Office of the Insurance Commissioner

Washington state Insurance Commissioner Patty Kuderer regulates the insurance industry and protects insurance consumers.

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