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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  2016-00671


CCR details

Tracking Number 2016-00671
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-3
CCR Title FINANCIAL ISSUES

Proposed rule

Notice Filed with SOS 12/23/2016
Rule ProposedRuleAttach2016-00671.doc
Statutory Authority 10-1-109, and 10-3-1203(2), 10-6-129, 10-14-505 and 10-16-109, C.R.S.
Description of Subjects/Issues 3-1-16 CUSTODIAL AGREEMENTS AND THE USE OF CLEARING CORPORATIONS. The purpose of this regulation is to provide current criteria, procedures and clarification concerning the holding of securities or book-entry securities as investments or in meeting the statutory deposits or guaranty fund deposits pursuant to 10-3-210, 10-6-116, 10-16-310, 10-16-412 and 10-16-505, C.R.S. Only custodial agreements complying with this regulation shall be acceptable to the Commissioner of Insurance.
Purpose/Objective of Rule The purpose of this regulation is to provide current criteria, procedures and clarification concerning the holding of securities or book-entry securities as investments or in meeting the statutory deposits or guaranty fund deposits pursuant to 10-3-210, 10-6-116, 10-16-310, 10-16-412 and 10-16-505, C.R.S. Only custodial agreements complying with this regulation shall be acceptable to the Commissioner of Insurance.
Comments Lynne McChrystal
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? No
Hearing Date 02/01/2017
Hearing Time 02:00 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

Adopted rule

Adopted Rules AdoptedRules02016-00671.doc
Redline Redline2016-00671.doc
Adopted Date 02/09/2017
AGO requested date 02/10/2017
Attorney General Opinion 02/17/2017
Colorado Register publication date 03/10/2017
Effective Date 04/01/2017
Inserted into CCR 03/30/2017