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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  2006-01129

CCR details

Tracking Number 2006-01129
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-3

Proposed rule

Notice Filed with SOS 10/20/2006
Rule ProposedRuleAttach2006-01129.rtf
Statutory Authority Sections 10-1-108(7), 10-1-109, 10-1-203, 10-3-109, 10-3-118, 10-3-208, 10-5-117, 10-6-114, 10-6-129, 10-14-505, 10-14-602, 10-16-109, 10-16-111 and 8-45-121 C.R.S.
Description of Subjects/Issues Repealed and Repromulgated Regulation 3-1-4, Concerning Annual Audited Financial Reports
Purpose/Objective of Rule A. The purpose of this regulation is to improve the Division?s surveillance of the financial condition of companies by requiring an annual audit by independent certified public accountants of the financial statements reporting the financial position and the results of operations of companies. B. This regulation shall not prohibit, preclude or in any way limit the Commissioner from ordering or conducting or performing examinations of companies under the rules and regulations of the Division and the practices and procedures of the Division.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 11/30/2006
Hearing Time 10:00 AM
Hearing Location Colorado Division of Insurance, 1560 Broadway, Ste. 850, Denver, Colorado 80202
Contact Name Caryn Berumen
Contact Title Compliance Analyst
Contact Telephone (303) 894-2159
Contact email caryn.berumen@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules2006-01129.rtf
Adopted Date 12/08/2006
AGO requested date 12/08/2006
Attorney General Opinion 12/12/2006
Effective Date 01/30/2007
Inserted into CCR 01/25/2007