Sovereign Nations Insurance coverage, LLC signed a settlement settlement with Washington Insurance coverage Commissioner Mike Kreidler and has agreed to stop its operations within the state.
Kreidler ordered Sovereign Nations to cease promoting unauthorized insurance coverage merchandise in Washington final 12 months, issuing a cease-and-desist order on December 20. The corporate requested a listening to in response.
The settlement settlement requires the corporate to finish all insurance coverage enterprise in Washington and never re-enter the state insurance coverage market. In return, Kreidler’s workplace agreed not effective the corporate for promoting insurance coverage with out authorization.
The corporate relies in Utah and describes itself as a tribally owned and managed home medical health insurance firm, regulated by the three tribes that created it. The corporate offered eight insurance coverage insurance policies to Washington customers with out being approved to take action. The well being plans it offered additionally contained pre-existing situation exclusions and ready durations, that are unlawful in Washington, in response to Kriedler’s workplace.
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