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Office of Insurance Commissioner - Current Law

RCW 48.02

The Office of Insurance Commissioner is responsible for the regulation of the insurance industry in Washington state.

Agency Mission

To protect consumers, the public interest, and our state's economy through fair and efficient regulation of the insurance industry.
Request 85,436,000
Net change from current biennium 6,407,000 Increase
Percent change from current biennium 8.1% Increase

Operating Budget: Summary

Appropriated Funds

2021-23 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2019-21 Actual 2021-23 Estimated 2023-25 Proposed
4,672,000 General Fund - Federal 2,495,845 4,672,000 4,733,000
Info Tech Invest Rev Acct - Nonappropriated 599,000
70,706,000 Insurance Commissioner's Regulatory - State 64,624,647 70,706,000 76,605,000
3,651,000 Insurance Commissioner's Fraud Acc - State 1,707,175 3,651,000 4,098,000
79,029,000 Total Appropriated Funds 69,426,667 79,029,000 85,436,000

Non-Appropriated Funds

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 36,044,819 33,968,712 12,361,471 42,488,000 42,948,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
7,453,794 12.0% (23,096,484) (33.3%) 39,105,817 84.4%

Employment Summary

  Actual Estimated Proposed
  2020-21 Actual 2021-22 Estimated 2022-23 Estimated 2023-24 Proposed 2024-25 Proposed
FTE Staff Years 245.3 239.5 240.3 267.7 281.3