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Code of Colorado Regulations eDocket
Details of Tracking Number
2006-01129
CCR details
| Tracking Number |
2006-01129 |
| 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 |
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Proposed rule
| Notice Filed with SOS |
10/20/2006 |
| Rule |
ProposedRuleAttach2006-01129.rtf |
| Statutory Authority |
Sections 10-1-108(7), 10-1-109, 10-1-203, 10-3-109, 10-3-118, 10-3-208, 10-5-117, 10-6-114, 10-6-129, 10-14-505, 10-14-602, 10-16-109, 10-16-111 and 8-45-121 C.R.S. |
| Description of Subjects/Issues |
Repealed and Repromulgated Regulation 3-1-4, Concerning Annual Audited Financial Reports |
| Purpose/Objective of Rule |
A. The purpose of this regulation is to improve the Division?s surveillance of the financial condition of companies by requiring an annual audit by independent certified public accountants of the financial statements reporting the financial position and the results of operations of companies.
B. This regulation shall not prohibit, preclude or in any way limit the Commissioner from ordering or conducting or performing examinations of companies under the rules and regulations of the Division and the practices and procedures of the Division. |
| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
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| 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 |
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Adopted rule
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Adopted Rules
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AdoptedRules2006-01129.rtf
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| Adopted Date |
12/08/2006 |
| AGO requested date |
12/08/2006 |
| Attorney General Opinion |
12/12/2006 |
| Effective Date |
01/30/2007 |
| Inserted into CCR |
01/25/2007 |
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