WSR 11-09-084

PREPROPOSAL STATEMENT OF INQUIRY

OFFICE OF

INSURANCE COMMISSIONER

[ Insurance Commissioner Matter No. R 2011-07 -- Filed April 20, 2011, 9:41 a.m. ]

Subject of Possible Rule Making: Postponing the transition date for title insurers to file their rates with the commissioner.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060 and 48.29.140.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The title insurers have indicated that a one year snapshot of data would not be sufficient for determining their rates. A postponement of the transition date of filing the rates with the commissioner would permit the insurers to obtain at least two years of data from their agents and from their own businesses.

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 June 3, 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.

April 20, 2011

Mike Kreidler

Insurance Commissioner

Washington State Code Reviser's Office