PREPROPOSAL STATEMENT OF INQUIRY
INSURANCE COMMISSIONER
Subject of Possible Rule Making: Reinsurance-intermediary broker and manager licensing and reporting.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060 and 48.94.055.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Licensed reinsurance intermediary brokers and managers do not always promptly inform the commissioner of changes in the information that was contained in their original application for licensing and are unclear on what changes must be reported. Under this rule making, the commissioner will consider options that will provide clarity as to the information that must be submitted and when it must be submitted. Additionally, the original rule used the session law citations and the proposed rule will amend these citations to the current RCW citations.
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 sending written comments by September 14, 2009, to Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, fax (360) 586-3109, e-mail JimT@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 Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, fax (360) 586-3109, e-mail JimT@oic.wa.gov.
August 5, 2009
Mike Kreidler
Insurance Commissioner