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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  2011-00249


CCR details

Tracking Number 2011-00249
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 04/26/2011
Rule ProposedRuleAttach2011-00249.DOC
Statutory Authority 10-1-109(1) and 10-3-1110(1)
Description of Subjects/Issues 4-1-11 CONCERNING SUITABILITY IN ANNUITY TRANSACTIONS
Purpose/Objective of Rule The purpose of this regulation is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in transactions involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed
Comments Chris Maciejewski
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 06/03/2011
Hearing Time 02:00 PM
Hearing Location 1560 Broadway, Ste 850, Denver, CO 80202
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 AdoptedRules02011-00249.DOC
Redline Redline2011-00249.DOC
Adopted Date 06/16/2011
AGO requested date 06/16/2011
Attorney General Opinion 06/30/2011
Effective Date 08/01/2011
Inserted into CCR 07/28/2011