12-22-068

WSR 12-22-068

PREPROPOSAL STATEMENT OF INQUIRY

OFFICE OF

INSURANCE COMMISSIONER

[ Insurance Commissioner Matter No. R 2012-27 -- Filed November 7, 2012, 7:42 a.m. ]

     Subject of Possible Rule Making: Procurement of unauthorized (surplus line) insurance.

     Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 48.02.060 and 48.15.015.

     Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: RCW 48.15.040 requires that any surplus line insurance must be procured through a licensed surplus line broker. The commissioner will consider rules to identify what activities constitute the "procurement" of surplus line insurance and clarify that these activities must be performed by a licensed surplus line broker.

     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 28, 2012, to Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, e-mail [e-mail], fax [phone].

     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 [e-mail], fax [phone].

November 7, 2012

Mike Kreidler

Insurance Commissioner