| Notice Filed with SOS |
01/31/2013 |
| Rule |
ProposedRuleAttach2013-00152.DOC |
| Statutory Authority |
10-1-109, 10-3-201(1)(b), 10-6-129, 10-14-505, and 10-16-109 |
| Description of Subjects/Issues |
3-1-7 REGULATION TO DEFINE STANDARDS AND COMMISSIONER’S AUTHORITY FOR COMPANIES DEEMED TO BE IN HAZARDOUS FINANCIAL CONDITION |
| Purpose/Objective of Rule |
The purpose of this regulation is to set forth the standards which the Commissioner of Insurance may use for identifying insurers found to be in such condition as to render the continuance of their business hazardous to their policyholders, creditors or the general public. This regulation shall not be interpreted to limit the powers granted the Commissioner by any laws or parts of laws of this state, nor shall this regulation be interpreted to supersede any laws or parts of laws of this state. |
| Comments |
Mike Conway |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
03/04/2013 |
| Hearing Time |
01:00 PM |
| Hearing Location |
1560 Broadway Ste 850 Denver CO 80202 |
| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |