WSR 20-12-032
PREPROPOSAL STATEMENT OF INQUIRY
OFFICE OF THE
INSURANCE COMMISSIONER
[Insurance Commissioner Matter R 2020-05—Filed May 27, 2020, 11:43 a.m.]
Subject of Possible Rule Making: Amend WAC 284-07-310 through 284-07-400, the actuarial opinion and memorandum regulation.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, 48.74.025, 48.74.028, 48.74.100, 48.36A.250, 48.36A.260.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The commissioner is considering amending the actuarial opinion and memorandum regulation to more clearly align with chapter 48.74 RCW and industry standards.
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 15, 2020.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting David Forte, 302 Sid Snyder Avenue S.W., Olympia, WA 98504, phone 360-725-7042, fax 360-586-3109, TTY 360-586-0241, email rulescoordinator@oic.wa.gov, website www.insurance.wa.gov.
May 27, 2020
Mike Kreidler
Insurance Commissioner