WSR 17-12-063 PREPROPOSAL STATEMENT OF INQUIRY OFFICE OF
INSURANCE COMMISSIONER
[Insurance Commissioner Matter No. R 2017-02—Filed June 2, 2017, 3:10 p.m.]
Subject of Possible Rule Making: Obsolete citations to insurer investments under chapter 48.13 RCW.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: In 2011 chapter 188, Laws of 2011 (SHB 1257) was enacted amending chapter 48.13 RCW regarding domestic insurance company investments. This legislation repealed the then existing chapter 48.13 RCW and replaced it with new sections. As a result there are several sections in Title 284 WAC that contain statutory citations to sections in chapter 48.13 RCW that were repealed. Therefore, the commissioner will consider adopting rules to correct these citations.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: Submit written comments by July 20, 2017, to Jim Tompkins, P.O. [Box] 40260, Olympia, WA 98504-0260, email rulescoordinator@oic.wa.gov, fax (360) 586-3109.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jim Tompkins, P.O. [Box] 40260, Olympia, WA 98504-0260, email rulescoordinator@oic.wa.gov, fax (360) 586-3109.
June 2, 2017
Mike Kreidler
Insurance Commissioner
|