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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  2010-00687

CCR details

Tracking Number 2010-00687
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-4

Proposed rule

Notice Filed with SOS 07/30/2010
Rule ProposedRuleAttach2010-00687.RTF
Statutory Authority 10-1-109 and 10-7-313.7, C.R.S
Description of Subjects/Issues 4-1-9 : Valuation of Life Insurance Policies Model Regulation
Purpose/Objective of Rule A. The purpose of this regulation is to clarify the provisions of the Standard Nonforfeiture and Valuation Act (Part 3, Article 7 of Title 10, C.R.S.) by providing: 1. Tables of select mortality factors and rules for their use; 2. Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and 3. Rules concerning a minimum standard for the valuation of plans with secondary guarantees. B. The method for calculating basic reserves defined in this regulation will constitute the Commissioners? Reserve Valuation Method for policies to which this regulation is applicable.
Comments Josh Urquhart
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 08/31/2010
Hearing Time 02:00 PM
Hearing Location 1560 Broadway, Ste 850, Denver, CO,80202
Contact Name Christine Gonzales-Ferrer
Contact Title Rulemaking Co-ordinator
Contact Telephone 303-894-2157
Contact email christine.gonzales-ferrer@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02010-00687.RTF
Redline Redline2010-00687.RTF
Adopted Date 09/13/2010
AGO requested date 09/13/2010
Attorney General Opinion 09/28/2010
Effective Date 11/01/2010
Inserted into CCR 10/29/2010