PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: Disclosure form to be used by insurers marketing individual and group fixed-payment insurance, as required by recently enacted SHB 1233 (chapter 296, Laws of 2007).
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, chapter 296, Laws of 2007.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Chapter 296, Laws of 2007, requires the commissioner to adopt rules that set forth the content of the standard disclosure form that must be used by insurers marketing individual and group fixed payment insurance products.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: Other [no further information supplied by agency.]
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication. Please submit written comments by July 2, 2007, to Kacy Scott, P.O. Box 40260, Olympia, WA 98504-0260, e-mail Kacys@oic.wa.gov.
May 23, 2007