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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

Proposed rule

Rule
Additional Information
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
Is this rule adopted in response to recent legislation?
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 AdoptedRules02013-00614.DOC
Emergency Justification EmergencyJustificationPathAttach2013-00614.DOC
Adopted Date 06/20/2013
Attorney General Opinion 06/28/2013
Effective Date 06/20/2013
Inserted into CCR 07/10/2013