Subject of Possible Rule Making: The commissioner is considering making clarifying changes to WAC 284-23-800, 284-23-803 and 284-23-806, and adopting regulations addressing the responsibilities of insurers related to individual juvenile life policies sold through direct response or policies with special plan designs. The rule making may involve amendments to WAC 284-23-800, 284-23-803 and 284-23-806, as well as sections of chapter 284-23 WAC relating to special plans and direct response.

     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: Direct response insurers petitioned the commissioner to amend WAC 284-23-803 to exclude policies with benefits of $50,000.00 or less from the regulation. The rule making is initiated in response to the petition, to consider the requirements of insurers offering direct response juvenile life products, and other insurers offering special plan designs for juvenile life insurance. The commissioner will also review the rule in light of implementation and compliance inquiries from companies since its adoption, and make clarifying amendments.

     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, comments due not later than July 20, 2009, at 5:00 p.m.

     Send comments to Kacy Scott, kacys@oic.wa.gov, P.O. Box 40258, Olympia, WA 98504-0258.

     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, phone (360) 725-7041, fax (360) 586-3109, e-mail kacys@oic.wa.gov.

June 10, 2009

Mike Kreidler

Insurance Commissioner

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