| Notice Filed with SOS |
08/31/2018 |
| Rule |
ProposedRuleAttach2018-00440.doc |
| Statutory Authority |
10-1-109, 10-16-133(5)(c), and 10-22-112(3)(b), C.R.S. |
| Description of Subjects/Issues |
1-2-17 COMPENSATION DISCLOSURES FOR HEALTH INSURANCE PRODUCERS - The purpose of this regulation is to establish that insurance producers who sell health care insurance shall disclose to the person purchasing the policy that the insurance producer will receive a commission; establish the required disclosure of the standard compensation schedule of the producer to the consumer; and to establish the conditions and notice that must be provided to a consumer if a producer intends to charge a fee for the sale or for providing assistance with renewal of an individual health benefit plan. This regulation replaces Colorado Insurance Regulation 18-E-03 that became effective on August 8, 2018, in its entirety. |
| Purpose/Objective of Rule |
The purpose of this regulation is to establish that insurance producers who sell health care insurance shall disclose to the person purchasing the policy that the insurance producer will receive a commission; establish the required disclosure of the standard compensation schedule of the producer to the consumer; and to establish the conditions and notice that must be provided to a consumer if a producer intends to charge a fee for the sale or for providing assistance with renewal of an individual health benefit plan. This regulation replaces Colorado Insurance Emergency Regulation 18-E-03 that became effective on August 8, 2018, in its entirety. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
10/01/2018 |
| Hearing Time |
02:00 PM |
| Hearing Location |
1560 Broadway, Ste 110 D., 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 |