| Notice Filed with SOS |
06/30/2019 |
| Rule |
ProposedRuleAttach2019-00307.doc |
| Statutory Authority |
§§ 10-1-109(1), 10-16-109, and 10-16-1104(1)(i), C.R.S. |
| Description of Subjects/Issues |
The purpose of this regulation is to establish the payment parameters, including the attachment point, coinsurance rate, and program cap, for the Colorado reinsurance program. Establishing these payment parameters ensures that carriers are able to file rates that reflect the impact of the reinsurance program on claims costs. This regulation replaces Colorado Emergency Regulation 19-E-01 in its entirety. |
| Purpose/Objective of Rule |
The purpose of this regulation is to establish the payment parameters, including the attachment point, coinsurance rate, and program cap, for the Colorado reinsurance program. Establishing these payment parameters ensures that carriers are able to file rates that reflect the impact of the reinsurance program on claims costs. This regulation replaces Colorado Emergency Regulation 19-E-01 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 |
08/01/2019 |
| Hearing Time |
02:00 PM |
| Hearing Location |
Department of Regulatory Agencies - 1560 Broadway, STE 110D, 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 |