OLYMPIA, Wash. – Insurance Commissioner Mike Kreidler issued a $100,000 fine against Makina Health, an unauthorized insurer based in Texas that was illegally selling employer health insurance plans to small businesses in Washington state. The company has until Nov. 29 to pay the fine.
Kreidler’s office opened an investigation after receiving inquiries from two licensed insurance producers asking if Makina was authorized to sell employer group plans in Washington state. Kreidler’s investigators found that Makina was not licensed to sell insurance or authorized to act as an…