OLYMPIA, Wash. – The Washington state insurance commissioner has fined an Indiana company $100,000 for charging Washington college students the wrong rates.
Unicare Life and Health Insurance sold over 8,000 insurance policies, primarily to international students, between 2004 and 2009. Most were short-term policies costing an average of $80 a month. The problem is, the company used unapproved methods to determine those rates. Unicare also excluded people from coverage whom they shouldn’t have. Rich Roesler is a spokesperson for the state’s insurance office.