| 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 |