Nationwide Life Insurance Co., of Columbus, Ohio filed health insurance rates and plans to
sell to students at six Washington state universities and all state
community colleges for the 2015-16 school year that did not comply with
state requirements.
Rather than disapprove the plans and leave
thousands of students without health insurance just before the start of
the school year, the Washington State Insurance Commissioner agreed to temporarily
approve the plans and refrain from issuing an enforcement action
against the company.
Nationwide agreed to bring the plans in line with
state insurance requirements by September 30 and refile them with the
Insurance Commissioner, communicate to students that their plans are
changing with agreed-upon language, adjust the rates appropriately,
distribute updated policies to all students by October 30 and file its
rates and forms properly for the following school year by January 1, 2016.
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