Washington Annuity

The Washington Insurance Commissioner’s Office oversees the Washington insurance industry to make sure that all rules are followed by the companies and that all Washington consumers receive the products and services they paid for. The mission of the the Washington Insurance Commissioner’s Office is: "We protect consumers, the public interest, and our state’s economy through fair and efficient regulation of the insurance industry."

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Washington Insurance Commissioner

Mike Kreidler is currently the Washington State Department of Insurance Commissioner. Prior to his current position he was former member of Congress. Mike is Washington’s eighth insurance commissioner, and was first elected as insurance commissioner in 2000 and was re-elected to a third term in 2008. He is a doctor of optometry with a master's degree in public health and also practiced at Group Health Cooperative in Olympia for 20 years. Kreidler has always had the goal of achieving healthcare coverage to all residents of Washington State. To do so, Kreidler has proposed a state plan for health-care reform, called the Guaranteed Health Benefit Plan. If passed, they would finally be able to provide catastrophic coverage and key preventative care to all Washingtonians.

Washington Annuity Resources

In 1889 the Office of the Insurance Commissioner was created by the first state legislature but it wasn't until 1907 when the office became a separate agency that the people of Washington would elect their first insurance commissioner. In Washington. commissioners are elected every four years and right now the state is on its 8th commissioner. Unlike most state agencies, Washington is not funded by public tax dollars. Insurance companies are required to pay an administrative fee to cover all costs of the department. If your a Washington resident and want to find out any information related to insurance, you can call their free insurance consumer hotline at: 1-800-562-6900 or visit their web site at http://www.insurance.wa.gov/.

 

Capital: Olympia
State Commissioner: Mike Kreidler
Insurance Hotline: (360) 753-7301
Annuity Guarantee Limit: $500,000
Website: http://www.insurance.wa.gov/
Links: Considering an Annuity