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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  2012-00186


CCR details

Tracking Number 2012-00186
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 02/27/2012
Rule ProposedRuleAttach2012-00186.DOC
Statutory Authority 10-1-109
Description of Subjects/Issues 3-3-1 Assumption Reinsurance Agreements
Purpose/Objective of Rule The purpose of this regulation is to clarify the filing and other requirements regarding insurers gaining approval to reinsure risks pursuant to 10-3-702 and 10-3-703, C.R.S. through the transfer and novation of contracts of notice and disclosure insurance by way of assumption reinsurance. It defines assumption reinsurance and establishes notice and disclosure requirements which protect and define the rights and obligations of policyholders, regulators and the parties to assumption reinsurance agreements.
Comments Angela Hunt
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 04/02/2012
Hearing Time 01:00 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 AdoptedRules02012-00186.DOC
Redline Redline2012-00186.DOC
Adopted Date 04/11/2012
AGO requested date 04/11/2012
Attorney General Opinion 04/25/2012
Effective Date 06/01/2012
Inserted into CCR 06/06/2012