WSR 13-21-142
[Insurance Commissioner Matter No. R 2013-25—Filed October 23, 2013, 8:19 a.m.]
Subject of Possible Rule Making: Filing of financial statements and related filings electronically.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060, 48.05.250, 48.44.050, 48.44.095, 48.46.090, 48.46.200, and 48.125.090.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Currently all Washington domestic insurance companies, health care service contractors, health maintenance organization[s], and self-funded multiple employer welfare arrangements are required to file their financial statements and related filings with the commissioner. Both paper and electronic filings are accepted under the agency's current business process. Under this rule making the commissioner will consider amending those requirements so that these entities file their financial statements electronically with the NAIC and for the related financial filings that the NAIC does not accept, the entities must file them electronically with the commissioner.
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 December 2, 2013, to Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, e-mail, 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 Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, e-mail, fax (360) 586-3109.
October 23, 2013
Mike Kreidler
Insurance Commissioner