WSR 17-12-064 PREPROPOSAL STATEMENT OF INQUIRY OFFICE OF INSURANCE COMMISSIONER [Insurance Commissioner Matter No. R 2017-03—Filed June 2, 2017, 3:15 p.m.]
Subject of Possible Rule Making: Interest rate pursuant to RCW 87.03.810.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: RCW 87.03.810 sets forth a process for the Washington state department of transportation (WSDOT) to acquire land from irrigation districts for highway purposes. The statute references interest rate tables issued by the office of the insurance commissioner. The rule sets forth the interest rate to be used by WSDOT for purposes of this section.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: WSDOT has been closely consulted to ensure that an interest rate is feasible for their purposes.
Process for Developing New Rule: Submit written comments by July 21, 2017, to Jim Freeburg, 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 Freeburg, P.O. Box 40258, Olympia, WA 98504, (360) 725-7170, rulescoordinator@oic.wa.gov.
June 2, 2017
Mike Kreidler
Insurance Commissioner
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