WSR 13-21-141

PREPROPOSAL STATEMENT OF INQUIRY

[Insurance Commissioner Matter No. R 2013-24—Filed October 23, 2013, 8:13 a.m.]

Subject of Possible Rule Making: Requiring charitable gift annuity organizations to file their financial statements and related filings electronically and to file their gift annuity contract forms using system for electronic rate and form filing (SERFF).

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.38.075.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Charitable organizations that have received a certificate from the commissioner to issue charitable gift annuities must file an annual financial report and related financial information with the commissioner. These organizations must also file their proposed charitable gift annuity contract forms with the commissioner for approval. These documents are currently filed using paper copies. Under this rule making the commissioner will consider adopting rules to require that these organizations file their annual financial report and related financial information with the commissioner electronically and file their charitable gift annuity contract forms electronically with the commissioner using the SERFF system.

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 December 2, 2013, to Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, e-mail 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 Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, e-mail rulescoordinator@oic.wa.gov, fax (360) 586-3109.

October 23, 2013

Mike Kreidler

Insurance Commissioner