WSR 14-14-132

PREPROPOSAL STATEMENT OF INQUIRY

[Insurance Commissioner Matter No. R 2014-07—Filed July 2, 2014, 10:37 a.m.]

Subject of Possible Rule Making: Designation of a designated responsible licensed person (DRLP) by a business entity.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060 and 48.17.005.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Producer licensing and oversight has encountered incidents where the person named as the DRLP was not in a position of authority to influence compliance issues, had not been given sufficient access to information relevant to compliance, or had not been notified by the business entity that they had been named the DRLP. Under this rule making the commissioner will consider regulations to ensure that the DRLP is notified of this designation and that they are given the necessary authority and information to act in this capacity.

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 August 15, 2014, to Jim Keogh, P.O. Box 40258, Olympia, WA 98504-0258, 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 Keogh, P.O. Box 40258, Olympia, WA 98504-0258, rulescoordinator@oic.wa.gov, fax (360) 586-3109.

July 2, 2014

Mike Kreidler

Insurance Commissioner