WSR 12-11-126

PREPROPOSAL STATEMENT OF INQUIRY

OFFICE OF

INSURANCE COMMISSIONER

[ Insurance Commissioner Matter No. R 2012-16 -- Filed May 23, 2012, 9:44 a.m. ]

Subject of Possible Rule Making: Insurance producers sharing of commissions and paying referral fees to nonlicensed persons.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The commissioner will consider rules to provide guidance to the producer industry to ensure that the proposals are in compliance with the standards in RCW 48.30.140 and 48.30.150.

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 June 29, 2012.

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 40258, Olympia, WA 98504-0258, kacys@oic.wa.gov, fax (360) 586-3109.

May 23, 2012

Mike Kreidler

Insurance Commissioner

Washington State Code Reviser's Office