WSR 13-15-166 PREPROPOSAL STATEMENT OF INQUIRY OFFICE OF INSURANCE COMMISSIONER [Insurance Commissioner Matter No. R 2013-17—Filed July 24, 2013, 7:57 a.m.]
Subject of Possible Rule Making: Annuity mortality table.
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: The NAIC recently adopted a new annuity mortality table for use in stating annuity reserves. This new table gives a better statement of annuity reserves. The commissioner will consider amendment of rules to incorporate the revised model.
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 September 2, 2013, to rulescoordinator@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 Kacy Scott, P.O. Box 40258, Olympia, WA 98504-0258, rulescoordinator@oic.wa.gov.
July 24, 2013
Mike Kreidler
Insurance Commissioner
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