Strengthening consumer protection through increased insurer accountability for violations of the insurance code.

HB 1199 strengthens consumer protections by increasing penalties for insurance companies that violate Washington's insurance code. It amends statutes to allow the Insurance Commissioner to impose fines of $250-$10,000 per violation (up from $250), require insurers to pay restitution with 8% interest within 30 days, and issue cease-and-desist orders. The bill directly affects insurers found liable for code violations, mandating financial accountability for harms caused to policyholders. Key provisions include streamlined restitution orders for funds owed to consumers and automatic certificate revocation for unpaid fines.