Company Profile
WA State Office of Insurance Commissioner
Company Overview
The Washington State Office of the Insurance Commissioner has a dual mission, to protect consumer's interests and promote a healthy insurance business environment in our state. We have over 200 dedicated professionals whose duty is to fulfill the mission of the agency.
Notable Accomplishments / Recognition
The Insurance Commissioner’s Office oversees the insurance industry to make sure that companies follow the rules and that Washington consumers get what they pay for.
Unlike most state agencies, we are not funded by public tax dollars. Insurance companies pay an administrative fee to cover all of our costs.
With about 200 employees, we are one of the smaller state agencies, but we cover a lot of ground:
1. Answering questions and investigating problems for more than 100,000 people who need help with their insurance every year.
2. Licensing and auditing the 56 insurance companies based in our state -- and monitoring the other 2,144 authorized to do business here.
3. Testing, licensing and monitoring the almost 100,000 individuals and businesses that sell insurance here.
4. Collecting about $900 million a biennium for the state’s general operating budget and helping fund the Basic Health Plan.
5. Maintaining a statewide network of volunteers who advise thousands of consumers on health care issues.