The office of State Insurance Commissioner Mike Kreidler is out today with a release noting various recent enforcement actions.
At the top – it turns out that "untrustworthy" is a real word.
In an unpublished Court of Appeals case from last year against insurance agent Jack Chandler, the court has ruled that Kreidler was correct to revoke Chandler’s license based on the fact that, according to the commissioner, Chandler "had shown himself to be untrustworthy in his sales conduct with elderly consumers."
The court also agreed that Kreidler was correct in saying that Chandler "attempted to exploit senior citizens by using misleading marketing tactics to get them to buy reverse mortgages, living trusts and long-term care insurance."
Kreidler revoked Chandler’s license in 2002, and Chandler appealed on the grounds that the term "untrustworthy" is unconstitutionally vague and subjective. The court disagreed and the State Supreme Court would not review the case.
"While this case took several years to reach conclusion, it was worth every minute. I am very satisfied with the result," Kreidler said.
In enforcement actions taken by the commissioner in June and July:
&bull Willamette Dental was fined $30,000 with $10,000;
&bull Vision Services Plan was fined $29,500 with $17,750 suspended;
&bull United Church Foundation was fined $1,000;
&bull Panahou School was fined $350;
&bull Nationwide Home Warranty was ordered to stop doing business;
&bull Fremont Life Insurance Company had its license revoked
&bull Shawn L. Martinez, a public adjuster, and North Pacific Claims in Renton had their licenses revoked;
&bull Tamra L. Pratt and Pratt Insurance Agency in Belfair had their licenses revoked;
&bull Julie D. Lemery and Main Street Insurance had their licenses revoked (for demonstrating incompetency and being untrustworthy).