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Posts from: November 2015

OIC Advisory Committee Notes – October, 28th, 2015

Author: Chris Free    Posted: November 2, 2015

On October 28th we convened the advisory committee at the Insurance Commissioner’s office. These meetings are always filled with interesting and important updates for the insurance industry and the residents of Washington State. It’s also a great opportunity to share the perspective of the individuals and businesses that are buying insurance every day in this market and what various regulations and reforms would mean to them directly. The Commissioner shared information on some of the […]

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From The Blog - ARE YOU READY FOR THE NEW DOL AUDIT!

The Department of Labor is out in force and you can’t stop the rampage. After all, they have to subsidize the exchange tax credits somehow, right?! The penalties associated with being out of compliance with the ACA can cause a company to go out of business. The penalty for non-compliance is generally $110 per day, per individual, per violation. But don’t worry, there is a cap – $500,000. According to a Seattle Business Magazine article, […]

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