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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  2012-00290

CCR details

Tracking Number 2012-00290
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-3

Proposed rule

Notice Filed with SOS 03/30/2012
Rule ProposedRuleAttach2012-00290.DOC
Statutory Authority 10-1-108, 10-1-109, 10-3-109, 10-3-208, 10-5-117, 10-6-129, 10-14-505, 10-14-4602, 10-16-109, and 10-16-111
Description of Subjects/Issues 3-1-10 Concerning Financial Statement Filing, Accounting Stantards and Reporting of Liabilities
Purpose/Objective of Rule Colorado insurance law provides that regulated companies must file financial statements annually with the Commissioner of Insurance. Insurers subject to the provisions of 10-3-208, C.R.S. are required to file what is known as the convention blank adopted from year to year by the National Association of Insurance Commissioners (NAIC). Colorado law does not specifically prescribe a form of the annual statement filing for nonprofit hospital, medical-surgical, and health service corporations, health maintenance organizations, prepaid dental care plan organizations, group captive insurers and fraternal benefit societies. However, the NAIC does adopt convention blanks for each of these regulated companies and the Commissioner has been provided the authority to designate the form of the annual filing for these entities.
Comments Mike Conway
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 05/01/2012
Hearing Time 10:00 AM
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 AdoptedRules02012-00290.DOC
Redline Redline2012-00290.DOC
Adopted Date 05/10/2012
AGO requested date 05/10/2012
Attorney General Opinion 05/29/2012
Effective Date 07/01/2012
Inserted into CCR 06/29/2012