WA SB5331

Insurance Commissioner gains explicit authority to order restitution payments to consumers harmed by insurer violations, in addition to existing powers to issue cease and desist orders and seek injunctions

Restitution must include 8% simple interest calculated from the date the obligation arose and must be paid within 30 days of the commissioner's order

Restitution covers demonstrated economic damages to consumers but excludes payments to service providers such as health care providers, contractors, or auto repair shops

Fines for insurer violations remain at $250 to $10,000 per violation, with payment required within 15 to 30 days; failure to pay results in certificate of authority revocation and civil action by the attorney general

Amends RCW 48.02.080 and 48.05.185 at the request of the Insurance Commissioner