Effective Date of Rule: July 1, 2013.

     Purpose: The purpose of this new rule is to provide uniformity in the application of NAIC model 830.

     Statutory Authority for Adoption: RCW 48.02.060 and 48.74.020.

      Adopted under notice filed as WSR 13-03-139 on January 23, 2013.

     A final cost-benefit analysis is available by contacting Kacy Scott, [P.O. Box] 40255, Olympia, WA 98504-0255, phone (360) 725-7041, fax (360) 586-3109, e-mail kacys@oic.wa.gov.

     Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted on the Agency's Own Initiative: New 1, Amended 0, Repealed 0.

     Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0;      Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 1, Amended 0, Repealed 0.

     Date Adopted: March 4, 2013.

Mike Kreidler

Insurance Commissioner

OTS-5222.2

NEW SECTION

WAC 284-74-365   Implementation of WAC 284-74-360.   (1) Insurers will fully apply NAIC Actuarial Guideline XXXVIII, as adopted on September 12, 2012, to properly and uniformly implement WAC 284-74-360.

     (2) NAIC Actuarial Guideline XXXVIII will be effective July 1, 2013.

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