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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  2009-01111


CCR details

Tracking Number 2009-01111
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-4
CCR Title LIFE, ACCIDENT AND HEALTH

Proposed rule

Notice Filed with SOS 11/30/2009
Rule ProposedRuleAttach2009-01111.DOC
Statutory Authority 10-1-109, and 10-7-305.1(8)(f)
Description of Subjects/Issues PERMITTING SAME MINIMUM NONFORFEITURE STANDARDS FOR MEN AND WOMEN INSURED UNDER 1980 CSO AND 1980 CET MORTALITY TABLES
Purpose/Objective of Rule The purpose of this regulation is to permit individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women to the extent necessary to comply with the U.S. Supreme Court decision in Arizona Governing Committee vs. Norris. No change in minimum valuation standards is implied by this regulation. The purpose of the January 1, 1989 amendment to this regulation, which was to add the Alternative Rule in Section 6, is to permit the use of smoker/nonsmoker status in providing the same cash surrender values and paid-up nonforfeiture benefits to both men and women.
Comments Todd Larson
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 01/05/2010
Hearing Time 02:00 PM
Hearing Location 1560 Broadway, Ste 850, Denver CO, 80202, conf. rm. B
Contact Name Christine Gonzales-Ferrer
Contact Title Rulemaking Coordinator
Contact Telephone 303-894-2157
Contact email christine.gonzales-ferrer@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02009-01111.DOC
Redline Redline2009-01111.DOC
Adopted Date 01/14/2010
AGO requested date 01/14/2010
Attorney General Opinion 01/25/2010
Effective Date 03/02/2010
Inserted into CCR 02/23/2010