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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  2007-00644


CCR details

Tracking Number 2007-00644
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 06/14/2007
Rule ProposedRuleAttach2007-00644.rtf
Statutory Authority Section 10-1-109, 10-5-117, 10-6-129, 10-16-109, C.R.S.
Description of Subjects/Issues 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 07/31/2007
Hearing Time 10:00 AM
Hearing Location Colorado Division of Insurance, 1560 Broadway, Ste. 850, 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 AdoptedRules02007-00644.RTF
Redline Redline2007-00644.RTF
Adopted Date 08/09/2007
AGO requested date 08/09/2007
Attorney General Opinion 08/15/2007
Effective Date 10/01/2007
Inserted into CCR 09/25/2007