WSR 16-13-102 PREPROPOSAL STATEMENT OF INQUIRY
OFFICE OF
INSURANCE COMMISSIONER
[Insurance Commissioner Matter No. R 2016-18—Filed June 17, 2016, 10:52 a.m.]
Subject of Possible Rule Making: Amend existing motorist underinsured rejection form.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: A legislative task force on underinsured motorists (UIM) met in summer 2015 to discuss whether consumers understand consequences of declining UIM insurance. One of the outcomes was a request for rule making that would either amend the requirements for rejection of UIM insurance coverage required by RCW 48.22.030(4) to require that the motorist be made aware in writing of the risk involved (preferred method) or create a new form to be given to motorists when they decline UIM insurance. This rule-making goal is most likely to be achieved by an amendment to WAC 284-20-300.
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 5, 2016, to Stacy Middleton, P.O. [Box] 40260, Olympia, WA 98504-0260, 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 Stacy Middleton, P.O. [Box] 40260, Olympia, WA 98504-0260, rulescoordinator@oic.wa.gov.
June 17, 2016
Mike Kreidler
Insurance Commissioner
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