Notice of Hearing
Commissioner of Insurance
NOTICE IS HEREBY GIVEN that pursuant to the authority granted under s.
601.41 (3), Stats., and the procedure set forth in under s.
227.18, Stats., OCI will hold a public hearing to consider the adoption of the attached proposed rulemaking order affecting s.
Ins 50.06 (2) (f), Wis. Adm. Code, relating to notes to financial statements.
The public hearings will be held as follows:
Date and Time
|
Location
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Friday, June 15, 2001
10:00 a.m. or as soon thereafter as the matter may be reached
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Room 6
OCI
121 E. Wilson St., Madison WI
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Written comments on the proposed rule will be accepted into the record and receive the same consideration as testimony presented at the hearing if they are received at OCI within 14 days following the date of the hearing. Written comments should be addressed to: Stephen Mueller, OCI, PO Box 7873, Madison WI 53707.
Analysis of Proposed Rules
Analysis
This rule change relates to the required footnotes in the CPA audit report on the statutory financial statements of insurance companies.
Under the existing s.
Ins 50.06 (2) (f), the footnotes include those required by the NAIC (National Association of Insurance Commissioners) annual statement instructions and by generally accepted accounting principles. The footnotes shall also include: (1) a reconciliation of the differences, if any, between the audited statutory financial statements and the annual statement filed by the company under Ins 50.20, and (2) a summary of the ownership and relationships between the insurance company and all affiliates.
The NAIC has adopted a more detailed accounting manual (“Codification") for insurance companies for use beginning in 2001. The NAIC Accounting Practices & Procedures Manual specifically identifies all the required footnotes, including the ownership and relationships between the insurance company and all affiliates. Therefore, the language in the existing rule referring to footnotes required by generally accepted accounting practices, and to the ownership and relationships with affiliates, can be deleted and replaced with the reference to the NAIC Accounting Practices and Procedures Manual. The remainder of the changes to the text involve moving subsection (1) into the body of the text because subsection (2) is deleted.
OCI considers this change to be nonsubstantive. It follows the NAIC's changes to its model audit rule as a result of Codification. The proposed change has been reviewed and commented upon by national CPA firms and insurance company trade associations as the NAIC revised its model audit rule. The proposed amendment is identical to the NAIC's amended audit rule, which is expected to be adopted in every state. The national uniformity of the amended audit rule in each state will minimize the costs for CPA firms to complete their required audits and for the multi-state insurance company groups who pay for them.
(f) Notes to the financial statements. These notes shall be those required by the appropriate national association of insurance commissioners' annual statement instructions and naic accounting practices and procedures manual. And any other notes required by generally accepted accounting principles and The notes shall also include a reconciliation of differences, if any, between the audited statutory financial statements and the annual statement filed pursuant to subchapter II with a written description of the nature of these differences.
SECTION 2. Section Ins 50.06 (2) (f) 1. & 2. are repealed.
Initial Regulatory Flexibility Analysis
This rule does not impose any additional requirements on small businesses.
Fiscal Effect
There is no fiscal effect anticipated.
Contact Person
A copy of the full text of the proposed rule changes and fiscal estimate may be obtained from the OCI internet WEB site at
http://www.state.wi.us/agencies/oci/ocirules.htm or by contacting Tammi Kuhl, Services Section, Office of the Commissioner of Insurance, at (608) 266-0110.or at 121 East Wilson Street, PO Box 7873, Madison WI 53707-7873.
Notice of Hearing
Natural Resources
(Fish, Game, etc., Ch.
NR 1—)
NOTICE IS HEREBY GIVEN THAT pursuant to ss.
29.014,
29.197,
227.11 (2) (a) and
227.24, Stats., interpreting ss.
29.014,
29.177,
29.197 and
29.181, Stats., the Department of Natural Resources will hold a public hearing on Natural Resources Board Emergency Order No. WM-15-01(E) pertaining to deer hunting in 76 deer management units. This emergency order will take effect on September 1, 2001. The significant regulations include a 4-day antlerless only deer hunt allowing the use of bows and guns from October 25-28; a 4-day antlerless only deer hunt, allowing the use of bows and guns from December 6-9; a 9-day either sex gun hunt; a 4-day extension to the early archery season; and one free antlerless tag with the purchase of every deer hunting license. State parks included will not participate in the October or December hunts, but antlerless permits may be filled by authorized hunters in these parks.
NOTICE IS HEREBY FURTHER GIVEN THAT the hearing will be held on:
Monday, June 11, 2001 at 1:00 p.m.
Room 027, GEF #2
101 South Webster Street, Madison
NOTICE IS HEREBY FURTHER GIVEN that pursuant to the Americans with Disabilities Act, reasonable accommodations, including the provision of informational material in an alternative format, will be provided for qualified individuals with disabilities upon request. Please call William Vander Zouwen at (608) 266-8840 with specific information on your request at least 10 days before the date of the scheduled hearing.
Written comments on the emergency rule may be submitted to Mr. William Vander Zouwen, Bureau of Wildlife Management, P.O. Box 7921, Madison, WI 53707 no later than June 15, 2001. Written comments will have the same weight and effect as oral statements presented at the hearing. A copy of the emergency rule may be obtained from Mr. Vander Zouwen.
Notice of Hearings
Natural Resources
(Environmental Protection-General, Chs.
NR 100—)
NOTICE IS HEREBY GIVEN that pursuant to ss.
227.11(2) and
281.61, Stats., interpreting ss.
281.59,
281.61, subch.
III of ch. 227, subch.
II of ch. 19 and chs.
196,
283 and
70, Stats., the Department of Natural Resources will hold public hearings on the repeal and recreation of ch.
NR 166, Wis. Adm. Code, relating to the safe drinking water loan program. The U. S. Environmental Protection Agency recently interpreted federal laws to allow safe drinking water loan program funding of new public water systems. The proposed revisions to ch.
NR 166 will enable safe drinking water loan program funding of new public water systems projects, revise the safe drinking water loan program priority scoring and ranking system to include scoring of new public water system projects and make general improvements to better reflect current policies and procedures.
NOTICE IS HEREBY FURTHER GIVEN that pursuant to s.
227.114, Stats., it is not anticipated that the proposed rule will have an economic impact on small businesses.
NOTICE IS HEREBY FURTHER GIVEN that the Department has made a preliminary determination that this action does not involve significant adverse environmental effects and does not need an environmental analysis under ch.
NR 150, Wis. Adm. Code. However, based on the comments received, the Department may prepare an environmental analysis before proceeding with the proposal. This environmental review document would summarize the Department's consideration of the impacts of the proposal and reasonable alternatives.
NOTICE IS HEREBY FURTHER GIVEN that the hearing will be held on:
June 12, 2001 Video conference participation will be
Tuesday available at:
9:00 a.m. Room 021, GEF #2,
101 South Webster Street, Madison
Room 139, State Office Building, 718 W.
Clairemont Ave., Eau Claire
Room 618, State Office Building, 200 N.
Jefferson St., Green Bay
Room 542, State Office Building,
819 North 6th St., Milwaukee
Conference Room 2, DNR Regional
Hdqrs., 107 Sutliff Ave., Rhinelander
Conference Room, DNR Regional Hdqrs.,
810 W. Maple St., Spooner
NOTICE IS HEREBY FURTHER GIVEN that pursuant to the Americans with Disabilities Act, reasonable accommodations, including the provision of informational material in an alternative format, will be provided for qualified individuals with disabilities upon request. Please call Dan Olson at (608) 267-9638 with specific information on your request at least 10 days before the date of the scheduled hearing.
Fiscal Estimate
There is no state or local fiscal impact specifically associated with revising this rule.
Written comments on the proposed rule may be submitted by Mr. Dan Olson, Bureau of Community Financial Assistance, P.O. Box 7921, Madison, WI 53707 no later than June 15, 2001. Written comments will have the same weight and effect as oral statements presented at the hearing. A copy of the proposed rule and fiscal estimate may be obtained from Mr. Olson.
Notice of Hearings
Natural Resources
(Environmental Protection-Air Pollution Control, Chs. NR 400—)
NOTICE IS HEREBY GIVEN that pursuant to ss.
227.11 (2) (a) and
285.11 (1), Stats., interpreting s.
285.11 (6), Stats., the Department of Natural Resources will hold a public hearing on an amendment to s.
NR 410.03 (3) (c), Wis. Adm. Code, relating to asbestos inspection fees. The proposed rule will increase the asbestos inspection fee from $200 to $210 on large asbestos abatement projects. A large asbestos abatement project is one where at least 1000 square or linear feet of regulated asbestos containing material is to be abated, or a combination of square and linear feet where the summed total is at least 1000.
NOTICE IS HEREBY FURTHER GIVEN that pursuant to s.
227.114, Stats., the proposed rule may have an impact on small businesses. The initial regulatory flexibility analysis is as follows:
a. Types of small businesses affected: Asbestos abatement contractors and their customers for large asbestos abatement projects
b. Description of reporting and bookkeeping procedures required: No new procedures
c. Description of professional skills required: No new skills
NOTICE IS HEREBY FURTHER GIVEN that the Department has made a preliminary determination that this action does not involve significant adverse environmental effects and does not need an environmental analysis under ch.
NR 150, Wis. Adm. Code. However, based on the comments received, the Department may prepare an environmental analysis before proceeding with the proposal. This environmental review document would summarize the Department's consideration of the impacts of the proposal and reasonable alternatives.
NOTICE IS HEREBY FURTHER GIVEN that the hearing will be held on:
June 26, 2001 Room 717, GEF #2 Bldg.
Tuesday 101 South
at 11:00 a.m. Webster Street, Madison
NOTICE IS HEREBY FURTHER GIVEN that pursuant to the Americans with Disabilities Act, reasonable accommodations, including the provision of informational material in an alternative format, will be provided for qualified individuals with disabilities upon request. Please call Robert Park at (608) 266-1054 with specific information on your request at least 10 days before the date of the scheduled hearing.
Fiscal Estimate
A review of asbestos project notifications for the past four years indicated approximately 400 large projects occur annually. With a fee increase of $10 per large project the additional program revenue generated would be $4,000 annually. It is estimated that half of the revenue generated will be from state and local governments.
Written comments on the proposed rule may be submitted to Mr. Joe Brehm, Bureau of Air Management, P.O. Box 7921, Madison, WI 53707 no later than June 29, 2001. Written comments will have the same weight and effect as oral statements presented at the hearing. A copy of the proposed rule AM-20-01 and its fiscal estimate may be obtained from:
Proposed Rules
Bureau of Air Management
P.O. Box 7921
Madison, WI 53707
Phone: (608) 266-7718
FAX: (608) 267-0560
