WSR 06-21-123

PREPROPOSAL STATEMENT OF INQUIRY

OFFICE OF THE

INSURANCE COMMISSIONER

[ Insurance Commissioner Matter No. R 2006-10 -- Filed October 18, 2006, 7:34 a.m. ]

Subject of Possible Rule Making: Several sections of Washington's actuarial opinion and memorandum regulation (chapter 284-07 WAC) need to be amended to adopt changes to the model regulation of the National Association of Insurance Commissioners and to edit for clarity of language.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, 48.05.380, 48.44.050, 48.46.200, and 48.74.025.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Several sections of Washington's actuarial opinion and memorandum regulation (contained in chapter 284-07 WAC) need to be amended to adopt changes to a model regulation of Accreditation Part A Standards of the National Association of Insurance Commissioners and to edit for clarity of language.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: Agency study; and by submitting written comments by December 4, 2006, to Kacy Scott, P.O. Box 40255, Olympia, WA 98504-0255, fax (360) 586-3109, e-mail KacyS@oic.wa.gov.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Kacy Scott, P.O. Box 40255, Olympia, WA 98504-0255, fax (360) 586-3109, e-mail KacyS@oic.wa.gov.

October 18, 2006

Mike Kreidler

Insurance Commissioner

Washington State Code Reviser's Office