Washington state continues crackdown on title insurers 

Four title insurers in Washington state face nearly $300,000 in fines after being accused by the state's Insurance Commission of violating a rule that limits annual spending on gifts and other inducements to $25 per person.

While many of the offenses involved small expenditures, Washington state regulators appear determined to enforce the letter of the law in their third action against title insurers since an investigation conducted in 2005 and 2006 found "widespread, pervasive and routine use of illegal spending to steer business to their companies."

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.