CR 14-076, EmR1428 Hearing Information

STATE OF WISCONSIN   OFFICE OF THE COMMISSIONER OF INSURANCE (OCI)

★★★ NOTICE OF RULEMAKING HEARING ★★★

Notice is hereby given that pursuant to the authority granted under s. 601.41(3), Stats., and the procedures set forth in under s. 227.18, Stats., OCI will hold a public hearing to consider the emergency rule being issued on December 29, 2014 and the adoption of the attached proposed rulemaking order affecting Section Ins 2.30, Wis. Adm. Code, relating to 2012 Individual Annuity Reserving Mortality Table and affecting small business.

HEARING INFORMATION

  Date:   January 23, 2015

  Time:   10:00 a.m., or as soon thereafter as the matter may be reached

  Place:   OCI, Room 227, 125 South Webster St 2nd Floor, Madison, WI

Written comments can be mailed to:

Richard B. Wicka

Legal Unit - OCI Rule Comment for Rule Ins 08614

Office of the Commissioner of Insurance

PO Box 7873

Madison WI 53707-7873

Written comments can be hand delivered to:

Richard B. Wicka

Legal Unit - OCI Rule Comment for Rule Ins 08614

Office of the Commissioner of Insurance

125 South Webster St – 2nd Floor

Madison WI 53703-3474

Comments can be emailed to:

Richard B. Wicka

[e-mail]

Comments submitted through the Wisconsin Administrative Rule Web site at: http://adminrules.wisconsin.gov on the proposed rule will be considered.

The deadline for submitting comments is 4:00 p.m. on February 6, 2015.

SUMMARY OF PROPOSED RULE & FISCAL ESTIMATE

For a summary of the rule see the analysis contained in the attached proposed rulemaking order. There will be no state or local government fiscal effect. The full text of the proposed changes, a summary of the changes and the fiscal estimate are attached to this Notice of Hearing.

INITIAL REGULATORY FLEXIBILITY ANALYSIS

Notice is hereby further given that pursuant to s. 227.114, Wis. Stat., the proposed rule may have an effect on small businesses. The initial regulatory flexibility analysis is as follows:

  a.   Types of small businesses affected:

        Life insurers licensed in Wisconsin.

  b.   Description of reporting and bookkeeping procedures required:

        None beyond those currently required.

  c.   Description of professional skills required:

      None beyond those currently required.

OCI SMALL BUSINESS REGULATORY COORDINATOR

The OCI small business coordinator is Louis Cornelius and may be reached at phone number [phone] or at email address [e-mail]

CONTACT PERSON

A copy of the full text of the proposed rule changes, analysis and fiscal estimate may be obtained from the OCI internet Web site at http://oci.wi.gov/ocirules.htm or by contacting Inger Williams, Public Information and Communications, OCI, at: [e-mail], [phone], 125 South Webster Street – 2nd Floor, Madison WI or PO Box 7873, Madison WI 53707-7873.