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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2006-00661


CCR details

Tracking Number 2006-00661
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-2
CCR Title CORPORATE ISSUES

Proposed rule

Notice Filed with SOS 08/18/2006
Rule ProposedRuleAttach2006-00661.rtf
Statutory Authority Sections 10-1-109, 10-5-108(l)(c)(I), and 10-5-117, C.R.S.
Description of Subjects/Issues Surplus Lines Insurance Issued By Nonadmitted Insurers
Purpose/Objective of Rule The purpose of this regulation is to establish standards regarding the placement of insurance by prodcuers and the qualification of insurers pursuant to the Colorado Nonadmitted Insurance Act, Section 10-5-101, et seq., C.R.S. This regulation also serves to further protect Colorado insurance consumers by setting forth necessary disclosure requirements for surplus lines insurance contracts.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 10/04/2006
Hearing Time 10:00 AM
Hearing Location 1560 Broadway, 9th Flr Common Room, Denver, CO 80202
Contact Name Caryn Berumen
Contact Title Program Assistant II
Contact Telephone (303) 894-2159
Contact email caryn.berumen@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules2006-00661.rtf
Redline Redline2006-00661.rtf
Adopted Date 10/13/2006
AGO requested date 10/13/2006
Attorney General Opinion 10/20/2006
Effective Date 01/01/2007
Inserted into CCR 01/11/2007