| Notice Filed with SOS |
12/28/2015 |
| Rule |
ProposedRuleAttach2015-00866.doc |
| Statutory Authority |
10-1-109(1), 10-3-529(4), 10-3-705, 10-6-129, 8-44-205(9) |
| Description of Subjects/Issues |
3-3-5 PROPERTY AND CASUALTY REINSURANCE AGREEMENTS |
| Purpose/Objective of Rule |
The purpose of this regulation is to establish requirements for acceptable reinsurance agreements to ensure that ceding insurers operate in a sound financial manner, correctly report their financial condition on required financial statements, and properly reduce liabilities or establish assets for reinsurance ceded. These requirements are necessary to protect the ceding insurers’ policy and contract holders and the people of the State of Colorado. |
| Comments |
Carey Michal |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
02/01/2016 |
| Hearing Time |
01:00 PM |
| Hearing Location |
1560 Broadway, Ste 850, Denver CO 80202 |
| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |