48.30A.065 - Insurance antifraud plan or summary report -- Failure to file or exercise good faith -- Penalty -- Failure to follow plan -- Civil penalty. - Washington Statutes

Insurance antifraud plan or summary report — Failure to file or exercise good faith — Penalty — Failure to follow plan — Civil penalty.

An insurer that fails to file a timely antifraud plan or summary report or that fails to make a good faith attempt to file an antifraud plan that complies with RCW 48.30A.050 or a summary report that complies with RCW 48.30A.060, is subject to the penalty provisions of RCW 48.01.080, but no penalty may be imposed for the first filing made by an insurer under this chapter. An insurer that fails to follow the antifraud plan is subject to a civil penalty not to exceed ten thousand dollars for each violation, at the discretion of the commissioner after consideration of all relevant factors, including the willfulness of the violation.

[2005 c 223 § 22; 1995 c 285 § 13.]