Restricts health insurance companies from using policyholder premiums for political lobbying.
The bill prohibits health insurance companies in Washington from using premiums collected from policyholders for political lobbying or contributions to candidates. It defines "health insurance company" and "policyholder" and mandates that the insurance commissioner enforce these provisions. Violations result in policyholders being liable for twice the amount of any unlawful contribution, and companies face fines of $25,000 to $500,000 per violation, adjusted annually. The act aims to ensure health care funds are used for health care needs.
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