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Code of Colorado Regulations eDocket
Details of Tracking Number
2022-00116
CCR details
| Tracking Number |
2022-00116 |
| 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 to determine whether a healthcare coverage cooperative, and a carrier offering health benefit plans under agreement with the healthcare coverage cooperative, have met the requirements of § 10-16-1306(9)(a), C.R.S.
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 determine whether plans offered under agreement with a healthcare coverage cooperative qualify under § 10-16-1306(9)(a), C.R.S., to be deemed by the Commissioner as having met the standardized plan, network adequacy, and premium rate reduction requirements in §§ 10-16-1304 and § 10-16-1305, C.R.S., 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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