Definition: The Washington State Insurance Commission (WSIC) is a governmental agency under the Department of Insurance, which regulates and provides coverage for health, accident, and life insurance in the state of Washington. The WSIC provides services to residents of all 80 counties throughout the state, including those located within the state's capital city of Olympia. Its functions include: - Developing regulations and standards for insurance companies - Insuring and supervising the operation of insurance agents and brokers - Providing information on the state's insurance laws and regulations to individuals and businesses - Assisting consumers in applying for insurance coverage and making claims - Enforcing insurance law violations against companies and individuals - Providing public education and outreach programs to improve the health, safety, and quality of life in Washington State. The WSIC also plays a role in providing financial assistance or direct aid to low-income residents.
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