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Code of Colorado Regulations eDocket

Details of Tracking Number  2012-00689


CCR details

Tracking Number 2012-00689
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-5
CCR Title PROPERTY AND CASUALTY

Proposed rule

Rule ProposedRuleAttach2012-00689.DOC
Statutory Authority 10-1-109 and 10-4-1402
Purpose/Objective of Rule The purpose of this regulation is to establish and implement rules concerning the definition and qualifications of an exempt commercial policyholder, the definition and qualifications of a risk manager, disclosure requirements for persons claiming status as exempt commercial policyholders, disclosure requirements for policies of Type II insurance issued to exempt commercial policyholders, and the data, documents, reports and other information to be maintained by insurers who are authorized to issue Type II insurance to exempt commercial policyholders. This regulation is made necessary by enactment into law of Colorado House Bill 99-1310, which requires the Commissioner to promulgate rules necessary to implement and administer 10-4-1401 et. seq., C.R.S.
Comments The purpose of this regulation is to establish and implement rules concerning the definition and qualifications of an exempt commercial policyholder, the definition and qualifications of a risk manager, disclosure requirements for persons claiming status as exempt commercial policyholders, disclosure requirements for policies of Type II insurance issued to exempt commercial policyholders, and the data, documents, reports and other information to be maintained by insurers who are authorized to issue Type II insurance to exempt commercial policyholders. This regulation is made necessary by enactment into law of Colorado House Bill 99-1310, which requires the Commissioner to promulgate rules necessary to implement and administer 10-4-1401 et. seq., C.R.S.
Submitted in response to issues raised by COLS/OLLS? No
Hearing Date 08/31/2012
Hearing Time 11:30 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 AdoptedRules02012-00689.DOC
Redline Redline2012-00689.DOC
Adopted Date 09/10/2012
Attorney General Opinion 09/26/2012
Effective Date 11/01/2012
Inserted into CCR 10/22/2012