WSR 15-13-067 PREPROPOSAL STATEMENT OF INQUIRY OFFICE OF INSURANCE COMMISSIONER [Insurance Commissioner Matter No. R 2015-05—Filed June 11, 2015, 3:12 p.m.]
Subject of Possible Rule Making: Amendment of chapter 284-18 WAC, WAC 284-03-030, 284-07-110 and 284-07-600 and the repeal of chapter 284-18A WAC to conform with amendments made to chapter 48.31B RCW (the Holding Company Act) by chapter 122, Laws of 2015.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060 and 48.31B.040.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: In the 2015 legislative session, chapter 122, Laws of 2015, was enacted making changes to the Insurer Holding Company Act and repealing chapter 48.31C RCW. The proposed rules will consider amending the existing holding company regulation, chapter 284-18 WAC and other WAC sections to conform with the amendments made by this legislation. In addition, since the legislation repealed chapter 48.31C RCW and provided that the entities regulated by this chapter would now be regulated under chapter 48.31B RCW, the proposed rules will consider the repeal of chapter 284-18A WAC.
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 31, 2015, to Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, 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 Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, rulescoordinator@oic.wa.gov, fax (360) 586-3109.
June 11, 2015
Mike Kreidler
Insurance Commissioner
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