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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  2006-01126


CCR details

Tracking Number 2006-01126
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-3
CCR Title FINANCIAL ISSUES

Proposed rule

Notice Filed with SOS 10/20/2006
Rule ProposedRuleAttach2006-01126.rtf
Statutory Authority Sections 10-1-109, 10-5-117, 10-6-129, 10-16-109, C.R.S.
Description of Subjects/Issues Amended Regulation 3-1-3, Concering Actuarial Opinions
Purpose/Objective of Rule The purpose of this regulation is to improve the Colorado Insurance Division's surveillance of the financial condition of companies, for the protection of all policyholders, contractholders and the general public, by requiring an annual opinion of a qualified actuary as to the adequacy of a company's reserves and other actuarial items which ought to be established in the required annual statement filings.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 11/30/2006
Hearing Time 10:00 AM
Hearing Location Colorado Division of Insurance, 1560 Broadway, Ste. 850, Denver, Colorado 80202
Contact Name Caryn Berumen
Contact Title Compliance Analyst
Contact Telephone (303) 894-2159
Contact email caryn.berumen@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules2006-01126.rtf
Adopted Date 12/07/2006
AGO requested date 12/07/2006
Attorney General Opinion 12/11/2006
Effective Date 02/01/2007
Inserted into CCR 01/29/2007