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Code of Colorado Regulations eDocket
Details of Tracking Number
2013-00614
CCR details
| Tracking Number |
2013-00614 |
| Type of Filing |
Emergency |
| Department |
700 Department of Regulatory Agencies |
| Agency |
702 Division of Insurance |
| CCR Number |
3 CCR 702-4 Series 4-2 |
| CCR Title |
LIFE, ACCIDENT AND HEALTH, Series 4-2 |
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Proposed rule
| Rule |
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| Additional Information |
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| Statutory Authority |
10-1-109 and 10-3-1110 |
| Purpose/Objective of Rule |
The purpose of this emergency regulation is to establish minimum criteria to assure proper and accurate description and to protect prospective purchasers with respect to the advertisement of accident and sickness insurance in the same manner as the regulation governing advertisements of Medicare supplement insurance. This regulation assures the clear and truthful disclosure of the benefits, limitations and exclusions of policies sold as accident and sickness insurance by the establishment of standards of conduct in the advertising of accident and sickness insurance in a manner that prevents unfair, deceptive and misleading advertising and is conducive to accurate presentation and description to the insurance-buying public through the advertising media and material used by insurance producers and companies. The Division of Insurance finds that immediate adoption of this regulation is imperatively necessary to ensure carrier compliance with the recent changes to Colorado law contained in HB 13-1266 to ensure consumer protection with regard to the advertising of accident and sickness insurance policies. Therefore, the Division finds that compliance with § 24-4-103, C.R.S. would be contrary to the best interest of the public. |
| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
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| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |
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Adopted rule
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