What percentage of the industries in the four-digit standard industrial classification will be affected by the rule?
The proposed rule would affect 100% of the property casualty insurers that offer products that are subject to regulation by the Insurance Commissioner and if the product: (a) Pertains to a business, nonprofit organization, or public entity; (b) Involves the lines of property and casualty insurance defined in RCW 48.11.040, 48.11.050, 48.11.060, 48.11.070, and/or 48.11.080; and (c) Has an estimated annual collected premium of $25,000 or more. As noted in the section above, insurers that meet these and other criteria of the rules do not need to file rates for these products. Will the rule impose a disproportionately higher economic burden on small businesses? No. The proposed rule does not impose any economic burden on regulated entities, whether they are small insurers or not. Can mitigation be used to reduce the economic impact of the rule on small businesses and still meet the stated objective of the statutes that are the basis of the proposed rule? No. The proposed rule has no negati
