PREPROPOSAL STATEMENT OF INQUIRY
INSURANCE COMMISSIONER
Subject of Possible Rule Making: Property and casualty statistical plans.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, 48.19.370.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: RCW 48.19.370 requires the commissioner to adopt rules and statistical plans for property and casualty insurance. WAC 284-24-015 has not been amended since 1998, and includes information that is no longer accurate. This rule will be updated, and the commissioner will consider additional rules to specify data elements and reporting requirements for medical malpractice insurance so that premium, exposure, claim, and expense data are available in a timely manner and in a form that is useful for monitoring the condition of this market.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: Agency study; send written comments by September 26, 2005.
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.
August 22, 2005
Mike Kreidler
Insurance Commissioner