WSR 17-17-152

PREPROPOSAL STATEMENT OF INQUIRY

[Filed August 23, 2017, 8:05 a.m.]

Subject of Possible Rule Making: Chapter 98-12 WAC, Endowment care cemeteries.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 68.05.105, 68.05.150, 68.44.020, 68.44.030.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Cemeteries would have the option of using the "total return distribution method" of investing to maintain healthy endowment care fund accounts with the ability to increase their fund principal over time. These funds maintain the normal operations of the cemeteries throughout the state and these increases would benefit the overall functionality of these cemeteries.

Process for Developing New Rule: Direct notice will be made to stakeholders and all active licensees under chapters 68.05 and 68.44 RCW. Details will be posted on our web site and distributed through the funeral and cemetery board and board staff.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Julie Konnersman, P.O. Box 9020, Olympia, WA 98507-9020, phone 360-664-1507, fax 360-570-7098, TTY 711, email jkonnersman@dol.wa.gov, web site http://www.dol.wa.gov/business/funeralcemetery/.

August 23, 2017

Damon Monroe

Agency Rules Coordinator