PREPROPOSAL STATEMENT OF INQUIRY
OFFICE OF THE
[Filed July 18, 2018, 9:01 a.m.]
The office of the insurance commissioner is withdrawing the CR-101 for R 2015-06: Payee Notifications. The code reviser's office published this rule in WSR 15-13-068. We previously withdrew the CR-102 on October 17, 2016, which was published in WSR 16-21-070.
Our agency's reason for proposing the rule was to protect consumers in cases where an attorney received the settlement proceeds from an insurer for his client but then failed to fully transfer those proceeds to the consumer. However, additional information developed during stakeholder conversations lead me to believe that, at this time, this rule is not needed given the issue involved does not appear to be wide spread; the proposed rule may impact attorney-client relationships; and due to unforeseen impediments to implementation of this rule. For this reason, our agency is withdrawing the CR-101.
We will contact individuals that provided comments during the CR-101 and CR-102 comment periods, to notify them that we have withdrawn the CR-101.