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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2016-00463


CCR details

Tracking Number 2016-00463
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-2
CCR Title CORPORATE ISSUES

Proposed rule

Notice Filed with SOS 09/15/2016
Rule ProposedRuleAttach2016-00463.doc
Statutory Authority 10-1-109, and 10-6-129
Description of Subjects/Issues 2-3-1 CONCERNING THE FORMATION AND OPERATIONS OF CAPTIVE INSURANCE COMPANIES IN COLORADO The purpose of this regulation is to set forth the formation, operation and reporting requirements for captive insurance companies formed pursuant to the Colorado Captive Insurance Company Act, Article 6 of Title 10, C.R.S., and to ensure that licensed captive insurance companies are financially sound.
Purpose/Objective of Rule The purpose of this regulation is to set forth the formation, operation and reporting requirements for captive insurance companies formed pursuant to the Colorado Captive Insurance Company Act, Article 6 of Title 10, C.R.S., and to ensure that licensed captive insurance companies are financially sound.
Comments Karl Kaesemeyer
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? No
Hearing Date 10/17/2016
Hearing Time 02:30 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

Adopted rule

Adopted Rules AdoptedRules02016-00463.doc
Redline Redline2016-00463.doc
Adopted Date 10/24/2016
AGO requested date 10/25/2016
Attorney General Opinion 11/09/2016
Colorado Register publication date 11/25/2016
Effective Date 01/01/2017
Inserted into CCR 12/30/2016