WSR 08-12-098

PREPROPOSAL STATEMENT OF INQUIRY

OFFICE OF

INSURANCE COMMISSIONER

[ Insurance Commissioner Matter No. R 2008-19 -- Filed June 4, 2008, 9:13 a.m. ]

Subject of Possible Rule Making: The commissioner will consider options to amend the accelerated benefits rules, WAC 284-23-600 through 284-23-730, to bring them in line with recently enacted long-term care legislation, sections 12, 13, 14, 15, and 18, chapter 145, Laws of 2008.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060 (3)(a).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The enactment of SHB 2666 (chapter 145, Laws of 2008) adds a new chapter to Title 48 RCW. This new chapter relates to long-term care insurance sold on and after January 1, 2009, including long-term care life insurance options which had previously not been permitted in this state. The newly enacted chapter creates conflicts with existing Washington accelerated life insurance benefit rules, specifically WAC 284-23-600 through 284-23-730. Amendments to these rules are necessary to bring WAC 284-23-600 through 284-23-730 into compliance with the provisions of sections 12, 13, 14, 15 and 18 of SHB 2666.

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 18, 2008, to Kacy Scott, P.O. Box 40255, Olympia, WA 98504-0255, fax (360) 586-3109, e-mail KacyS@oic.wa.gov.

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 40255, Olympia, WA 98504-0255, fax (360) 586-3109, e-mail KacyS@oic.wa.gov.

June 4, 2008

Mike Kreidler

Insurance Commissioner

Washington State Code Reviser's Office