| 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 |
| Adopting Agency |
|
| Hearing Date |
08/31/2012 |
| Hearing Time |
11:30 AM |
| Hearing Location |
1560 Broadway Ste 850 Denver CO 80202 |
| Proposed Rule |
ProposedRuleAttach2012-00689.DOC |
| Description of Subjects/Issues |
5-1-13 EXEMPTIONS FROM RATE AND FORM FILING REQUIREMENTS FOR INSURERS PROVIDING COVERAGE TO EXEMPT COMMERCIAL POLICYHOLDERS |
| 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. |
| Public Name |
Christine Gonzales-Ferrer |
| Public Title |
Rulemaking Coordinator |
| Public Telephone |
303-894-2157 |
| Public Email |
christine.gonzales-ferrer@dora.state.co.us |
| Submitted in response to issues raised by COLS/OLLS?
N |
| 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. |
| Statutory Authority |
10-1-109 and 10-4-1402 |
|
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 Date |
10/22/2012 |