PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: Conducting business in own legal name.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Many insurers are affiliates of holding company systems that use a group name to identify the various insurance companies in the holding company system. If the legal name of the insurance company involved in a particular matter is not accurately and complete identified, consumers and the office of insurance commissioner can be confused. It is important that insurers use their correct legal name in all insurance transactions.
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 May 30, 2008, to Kacy Scott, P.O. Box 40258, Olympia, WA 98504-0258, e-mail Kacys@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 Kacy Scott, P.O. Box 40258, Olympia, WA 98504-0258, e-mail Kacys@oic.wa.gov, fax (360) 586-3109.
April 23, 2008