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Code of Colorado Regulations eDocket

Details of Tracking Number  2013-00152


CCR details

Tracking Number 2013-00152
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

Rule ProposedRuleAttach2013-00152.DOC
Statutory Authority 10-1-109, 10-3-201(1)(b), 10-6-129, 10-14-505, and 10-16-109
Description of Subjects/Issues 3-1-7 REGULATION TO DEFINE STANDARDS AND COMMISSIONERíS AUTHORITY FOR COMPANIES DEEMED TO BE IN HAZARDOUS FINANCIAL CONDITION
Purpose/Objective of Rule The purpose of this regulation is to set forth the standards which the Commissioner of Insurance may use for identifying insurers found to be in such condition as to render the continuance of their business hazardous to their policyholders, creditors or the general public. This regulation shall not be interpreted to limit the powers granted the Commissioner by any laws or parts of laws of this state, nor shall this regulation be interpreted to supersede any laws or parts of laws of this state.
Comments Mike Conway
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 03/04/2013
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@state.co.us

Adopted rule

Adopted Rules AdoptedRules02013-00152.DOC
Redline Redline2013-00152.DOC
Adopted Date 03/11/2013
Attorney General Opinion 03/25/2013
Effective Date 05/01/2013
Inserted into CCR 04/19/2013