|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.
|Submitted in response to issues raised by COLS/OLLS?
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