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Details of Tracking Number  2014-00089


CCR details

Tracking Number 2014-00089
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-4 Series 4-1
CCR Title LIFE, ACCIDENT AND HEALTH, Series 4-1

Proposed rule

Rule ProposedRuleAttach2014-00089.DOC
Statutory Authority 10-1-109 and 10-3-1110(1),
Description of Subjects/Issues 4-1-12 CONCERNING THE DISCLOSURE REQUIREMENTS FOR ANNUITY TRANSACTIONS
Purpose/Objective of Rule The purpose of this regulation is to provide standards for the disclosure of certain minimum information about annuity contracts to protect consumers and foster consumer education. The regulation specifies the minimum information which must be disclosed, the method for disclosing it and the use and content of illustrations, if used, in connection with the sale of annuity contracts. The goal of this regulation is to ensure that purchasers of annuity contracts understand certain basic features of annuity contracts.
Comments Todd Larson
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 03/03/2014
Hearing Time 01:30 PM
Hearing Location 1560 Broadway, Suite 850, Denver CO 80202
Contact name Christine Gonzales-Ferreer
Contact title Rulemaking Coordinator
Contact telephone 303-894-2157
Contact email christine.gonzales-ferrer@state.co.us

Adopted rule

Adopted Rules AdoptedRules02014-00089.DOC
Redline Redline2014-00089.DOC
Adopted Date 04/10/2014
Attorney General Opinion 04/11/2014
Colorado register publication date 04/25/2014
Effective Date 06/01/2014
Inserted into CCR 05/16/2014