PREPROPOSAL STATEMENT OF INQUIRY
INSURANCE COMMISSIONER
Subject of Possible Rule Making: Reporting statistical data.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.19.370 and 48.02.060.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: RCW 48.19.370 provides that the commissioner shall promulgate rules and statistical plans for the reporting of loss and countrywide expense experience to assist the commissioner in determining whether rating systems filed by insurers comply with rate standards. For some lines of insurance, the information is of limited value in relation to the cost to the insurer of reporting the data to a statistical agent. The proposed rule would allow the commissioner to waive the requirement that data be reported to a statistical agent in specified instances or lines of insurance.
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 April 15, 2011, to Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, e-mail jimt@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, e-mail jimt@oic.wa.gov, fax (360) 586-3109.
March 2, 2011
Mike Kreidler
Insurance Commissioner