WSR 18-12-084

PREPROPOSAL STATEMENT OF INQUIRY

[Insurance Commissioner Matter R 2018-02—Filed June 5, 2018, 8:45 a.m.]

Subject of Possible Rule Making: Insurer corporate governance annual disclosure.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, sections 4(2) and 8, chapter 30, Laws of 2018.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Chapter 30, Laws of 2018, require[s] domestic insurers to file an annual corporate governance disclosure with the commissioner. Section 4(2) provides that the disclosure must be prepared consistent with the NAIC's corporate governance annual disclosure model rule. The proposed rules will consider the adoption of this NAIC model rule.

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 July 20, 2018.

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 40620 [40260], Olympia, WA 98504-0260, phone 360-725-7036, fax 360-586-3109, TTY 360-586-0241, email rulescoordinator@oic.wa.gov, web site www.insurance.wa.gov.

June 5, 2018

Mike Kreidler

Insurance Commissioner