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Code of Colorado Regulations eDocket
Details of Tracking Number
2022-00115
CCR details
| Tracking Number |
2022-00115 |
| Type of Filing |
Emergency |
| Department |
700 Department of Regulatory Agencies |
| Agency |
702 Division of Insurance |
| CCR Number |
3 CCR 702-4 Series 4-2 |
| CCR Title |
LIFE, ACCIDENT AND HEALTH, Series 4-2 Accident and Health (General) |
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Proposed rule
| Rule |
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| Additional Information |
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| Statutory Authority |
§§ 10-1-108(7), 10-1-109(1), 10-16-109, 10-16-1304, 10-16-1305, 10-16-1306, 10-16-1312, C.R.S. |
| Purpose/Objective of Rule |
The purpose of this emergency regulation is to establish rules for the required premium reduction methodology for the Colorado Option standardized bronze, silver and gold health benefits plans to be offered by all carriers offering individual and small group health benefits plans issued or renewed on or after January 1, 2023.
The Division of Insurance finds, pursuant to § 24-4-103(6)(a), C.R.S., that immediate adoption of this regulation is imperatively necessary to comply with state law and for the preservation of public health, safety, or welfare. By May 1, 2022, a carrier shall notify the Division of any reason it cannot offer a standardized plan at the premium rate target for 2023, pursuant to § 10-16-1306(2)(a), C.R.S. Immediate adoption of the regulation is necessary to provide carriers with the standards necessary to develop and implement their standardized plan prior to the May 1, 2022 deadline. Therefore, immediate adoption of this rule is imperatively necessary to allow carriers to comply with state law and compliance with the requirements of § 24-4-103, C.R.S., would be contrary to the public interest. |
| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
No
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| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Compliance Specialist |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |
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Adopted rule
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