WSR 08-08-097

PREPROPOSAL STATEMENT OF INQUIRY

OFFICE OF

INSURANCE COMMISSIONER

[ Insurance Commissioner Matter No. R 2008-08 -- Filed April 2, 2008, 7:51 a.m. ]

Subject of Possible Rule Making: The commissioner will consider adopting rules to implement ESSB 5261, OIC's review of individual health rates plans.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, 48.44.050, 48.46.200 and authority to adopt rules provided for in ESSB 5261 specific to rate review of individual health products.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The commissioner will consider rules to implement recently enacted ESSB 5261 that allows the commissioner to review and disapprove rates for individual health products. It is planned that the commissioner will reinstate procedures that were in place for such filings prior to the 2000 legislative changes, with possible modifications for clarity and differences between the commissioner's authority prior to 2000 and ESSB 5261.

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; and by submitting written comments by May 12, 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.

April 2, 2008

Mike Kreidler

Insurance Commissioner

Washington State Code Reviser's Office