| 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 |