Company Profile

Company Description:

The Office of the Insurance Commissioner, headed by Commissioner Mike Kreidler, oversees Washington state's insurance industry to protect consumers and make sure that companies, agents and brokers follow the rules.

With 246 employees (and 400 volunteers), we are one of the smaller state agencies, but we cover a lot of ground. Our work includes:

• Holding down costs to consumers by reviewing insurers' proposed rates.
• Answering questions and investigating problems from more than 100,000 consumers each year.
• Recovering millions of dollars a year for consumers with insurance disputes or delays.
• Licensing and auditing the 34 insurers based in Washington -- and monitoring the other 2,439 that do business here.
• Evaluating, licensing and monitoring the more than 180,000 individuals and businesses that sell insurance here.
• Collecting more than $1.2 billion a biennium for the state’s general operating budget.
• Maintaining a statewide network of volunteers who advise thousands of consumers on health care issues.

We do this with virtually no state general-fund dollars. Most of our budget comes from assessments charged to the insurers we regulate.