Home

 Colorado Revised Statutes

 Search

 Browse

 Colorado Register

 eDocket

 Log in

 Contact Us

Code of Colorado Regulations eDocket

Details of Tracking Number  2013-00436


CCR details

Tracking Number 2013-00436
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-2
CCR Title CORPORATE ISSUES

Proposed rule

Rule ProposedRuleAttach2013-00436.DOC
Statutory Authority 10-1-109(1)
Description of Subjects/Issues 2-1-2 CONCERNING HOME OR REGIONAL HOME OFFICE QUALIFICATION FOR COLORADO LICENSED INSURERS
Purpose/Objective of Rule The intent and purpose of 10-3-209(1)(b)(I)(B), C.R.S. is to provide a tax incentive for insurance companies to bring employment to the State of Colorado through the establishment of home or regional home offices (hereinafter referred to as RHO) in the state. It is not intended to furnish tax relief to companies that do not either perform the required level of the functions mandated by statute, or maintain significant direct insurance operations supported by functional operations pertinent to a line or lines of business written by the company. The purpose of this regulation is to provide filing requirements and standards that are applicable to companies making application for RHO qualification.
Comments Keenan Lorenz
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 06/03/2013
Hearing Time 02:00 PM
Hearing Location 1560 Broadway, Suite 850, Denver CO 80202
Contact name Christine Gonzales-Ferrer
Contact title Rulemaking Hearing
Contact telephone 303-894-2157
Contact email christine.gonzales-ferrer@state.co.us

Adopted rule

Adopted Rules AdoptedRules02013-00436.DOC
Redline Redline2013-00436.DOC
Adopted Date 06/14/2013
Attorney General Opinion 06/28/2013
Effective Date 08/01/2013
Inserted into CCR 07/30/2013