Fiscal estimate
The proposed rules will have no impact on the department's funds.
Effect on small business: Pursuant to s.
227.114 (1) (a), Stats., these proposed rules will have no significant economic impact on a substantial number of small businesses. The Department's Small Business Regulatory Review Coordinator may be contacted by email at
chris.klein@drl.state.wi.us, or by calling (608) 266-8608.
Agency contact person
Copies of this proposed rule are available without cost upon request to:
Pamela Haack, Paralegal, Department of Regulation and Licensing, 1400 East Washington Avenue, Room 171, P.O. Box 8935, Madison, Wisconsin 53708. Telephone: (608) 266-0495. Email address:
pamela.haack@drl.state.wi.us.
Place where comments are to be submitted and deadline for submission
Comments may be submitted to Pamela Haack at the addresses listed above. Comments must be received on or before April 22, 2005, to be included in the record of rule-making proceedings.
Notice of Hearing
Insurance
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 adoption of the attached proposed rulemaking order affecting Section
Ins 3.09 (19), Wis. Adm. Code, relating to mortgage guaranty insurance.
Hearing Information
Date: Monday, April 18, 2005
Time: 10:00 a.m., or as soon thereafter as the matter may be reached.
Place: OCI, Room 223
125 South Webster St 2nd Floor
Madison, WI
Written comments or comments submitted through the Wisconsin Administrative Rule website at:
https://adminrules.wisconsin.gov on the proposed rule will be considered. The deadline for submitting comments is 4:00 p.m. on the 7
th day after the date for the hearing stated in this Notice of Hearing.
Written comments should be sent to:
Fred Nepple
Legal Unit - OCI Rule Comment for Rule Ins 3.09 (19)
Office of the Commissioner of Insurance
PO Box 7873
Madison WI 53707-7873
Analysis Prepared by the Office of the Commissioner of Insurance (OCI)
Statutes interpreted
Sections
600.01,
601.42,
611.19 (1),
611.24,
618.21,
623.02,
623.03,
623.04,
623.11,
627.05,
628.34 (12), and ch.
617 Stats.
Statutory authority
Sections
601.41 (3),
601.42,
611.19 (1),
618.21,
623.02,
623.04,
623.11,
627.05,
628.34 (12), and ch.
617, Stats.
Explanation of the OCI's authority to promulgate the proposed rule under these statutes:
The proposed rule modifies the current restriction on issuance of mortgage guaranty insurance to or for the benefit of affiliates, and is authorized as governing an unfair trade practice under s.
628.34 (12), Wis. Stats., and as addressing financial risk to the insurer governed by statutes allowing the commissioner to establish standards and reporting requirements, including ss. under 601.42, 611.19 (1), 618.21, 623.02, 623.04, 623.11, 627.05, and for affiliate transactions under ch.
617, Stats.
Related Statutes or rules
None
The plain language analysis and summary of the proposed rule
Under current rules a mortgage guaranty insurer may not directly or indirectly issue coverage for mortgages originated by an affiliate, unless the insurer is no more than 50% owned or controlled by the affiliate. The proposed rule would permit the insurer to issue coverage for mortgages originated by the affiliate but only subject to the same underwriting standards as are applied to non-affiliates. The proposed rule requires the insurer to annually file an officer's certification of compliance.
Summary of and preliminary comparison with any existing or proposed federal regulation that is intended to address the activities to be regulated by the proposed rule
None
Comparison of similar rules in adjacent states as found by OCI
Iowa: None
Illinois: Section 50 ILAC 202.60 (e) of Illinois insurance regulations prohibits a mortgage insurer from covering loans originated by a lender if the lender or its affiliate owns an equity interest in the mortgage insurer.
Minnesota: None
Michigan: None
A summary of the factual data and analytical methodologies that OCI used in support of the proposed rule and how any related findings support the regulatory approach chosen for the proposed rule
The proposed rule is based on the experience of the Office regulating and examining mortgage guaranty insurers, and the expertise of the financial analysts and examiners responsible for their regulation, including the application of the existing exception in s.
Ins 3.09 (19) (c), Wis. Adm. Code.
Any analysis and supporting documentation that OCI used in support of OCI's determination of the rule's effect on small businesses under s.
227.114:
The Office reviewed the annual financial reports of licensed mortgage guaranty insurers. There are no such insurers that are small businesses.
If these changes may have a significant fiscal effect on the private sector, the anticipated costs that will be incurred by private sector in complying with the rule:
There is no significant fiscal effect on the private sector. The proposed rule will establish an exception from an existing prohibition. The limited reporting requirement included will not impose any significant cost beyond the existing reporting requirements.
A description of the Effect on Small Business:
This rule will have no effect on small businesses.
Agency contact person:
A copy of the full text of the proposed rule changes, analysis and fiscal estimate may be obtained from the WEB sites at:
http://oci.wi.gov/ocirules.htm
or by contacting Inger Williams, OCI Services Section, at:
Phone: (608) 264-8110
Address: 125 South Webster St – 2nd Floor
Madison WI 53702
Mail: PO Box 7873, Madison WI 53707-7873
Place where comments are to be submitted and deadline for submission
The deadline for submitting comments is 4:00 p.m. on the 7th day after the date for the hearing stated in the Notice of Hearing.
Mailing address:
Fred Nepple
Legal Unit - OCI Rule Comment for Rule Ins 3.09 (19)
Office of the Commissioner of Insurance
PO Box 7873
Madison WI 53707-7873
Street address:
Fred Nepple
Legal Unit - OCI Rule Comment for Rule Ins 3.09 (19)
Office of the Commissioner of Insurance
125 South Webster St – 2nd Floor
Madison WI 53702
Summary of Proposed Rule and 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
This rule does not impose any additional requirements on small businesses.
OCI Small Business Regulatory Coordinator
The OCI small business coordinator is Eileen Mallow and may be reached at phone number (608) 266- 7843 or at email address
Eileen.Mallow@oci.state.wi.us
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, Services Section, OCI, at:
Inger.Williams@OCI.State.WI.US, (608) 264-8110, 125 South Webster Street – 2
nd Floor, Madison WI or PO Box 7873, Madison WI 53707-7873.
Notice of Hearings
Natural Resources
NOTICE IS HEREBY GIVEN that pursuant to ss.
289.05,
289.06 and
289.07, Stats., interpreting ss.
289.21,
289.24,
289.29 to
289.32,
289.42,
289.43,
289.45 and
289.61, Stats., the Department of Natural Resources will hold public hearings on revisions to the Wisconsin Administrative Code NR 500 series relating to landfilling of solid waste. The proposed revisions to the NR 500 series will streamline existing codes to make the preparation, submittal and review of documents related to solid waste management more efficient. The majority of the proposed rule revisions address streamlining changes. Additional code changes are included to a) correct errors in the code, b) clarify the procedure when an exemption is needed for a private well located within 1200 feet of a landfill and when a variance is needed under ch.
NR 812 for the private well, c) add requirements for geosynthetic clay liners (GCLs) that are currently in standards approvals, and d) make changes to the medical waste rules to clarify how the rules apply to different wastes and generators.
The proposed revisions expand the type of facilities that can apply for an expedited plan modification, broaden the self-implementing approvals for lower-risk non-landfill facilities and increase the flexibility for department staff reviewing landfill feasibility reports. In addition, under the proposed rule, the Department will no longer be involved in providing or approving training programs or in regular review of continuing education hours related to operator certification. The Department has added requirements that will affect landfill owners intended to assure the quality of soil from multiple non-landfill related construction projects being used for landfill construction. Requirements for GCL membranes that will also affect landfill owners have been added to the code to reflect what is currently required in conditions of approvals. The Department has also proposed changes to allow either the landfill owner or the private well owner to apply for a variance for a well to be constructed within 1200 feet of a landfill. Changes within the medical waste rule will allow blood collection vehicles to haul infectious waste without having to be licensed as infectious waste transporters, similar to the exemption that already exists for ambulances and first responders. In addition, other changes specify that if there are conflicts between DNR rules and US DOT rules, the US DOT rules pre-empt ours.
NOTICE IS HEREBY FURTHER GIVEN that pursuant to s.
227.114, Stats., it is not anticipated that the proposed rule will have a significant economic impact on small businesses. The Department's Small Business Regulatory Coordinator may be contacted at:
SmallBusinessReg.Coordinator@dnr.state.wi.us or by calling (608) 266-1959.
