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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  2010-00875

CCR details

Tracking Number 2010-00875
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 09/28/2010
Rule ProposedRuleAttach2010-00875.DOC
Statutory Authority 10-1-109 and 10-3-1110(1)
Description of Subjects/Issues 4-1-11 Concerning Suitability in Annuity Transactions
Purpose/Objective of Rule The purpose of this regulation is to require insurers to establish a system to supervise recommendations and to set forth standards and procedures for recommendations to consumers that result in a transaction involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed
Comments Judy LaBuda
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 11/02/2010
Hearing Time 11:00 AM
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 AdoptedRules02010-00875.DOC
Redline Redline2010-00875.DOC
Adopted Date 11/10/2010
AGO requested date 11/10/2010
Attorney General Opinion 11/29/2010
Effective Date 04/01/2011
Inserted into CCR 03/23/2011