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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  2008-00754

CCR details

Tracking Number 2008-00754
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-1

Proposed rule

Notice Filed with SOS 07/24/2008
Rule ProposedRuleAttach2008-00754.RTF
Statutory Authority 10-1-109, 10-2-104, 10-2-704 and 10-3-1110
Description of Subjects/Issues Producer Fiduciary Responsibilities
Purpose/Objective of Rule The purpose of this regulation is to clarify the responsibility of insurance producers to treat each insurance policy and premiums handled thereon as a separate account of their insureds unless specific authorization has been obtained from insureds to commingle multiple obligations and funds.
Comments Please forward this request for an AG opinion to AAG Todd Larson.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 09/08/2008
Hearing Time 02:00 PM
Hearing Location 1560 Broadway, Ste 850, Denver CO, 80202, conf. rm. B
Contact Name Christine Gonzales-Ferrer
Contact Title Compliance Assistant
Contact Telephone 303-894-2157
Contact email christine.gonzales-ferrer@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02008-00754.RTF
Adopted Date 11/18/2008
AGO requested date 11/18/2008
Attorney General Opinion 11/24/2008
Effective Date 01/01/2009
Inserted into CCR 12/19/2008