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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  2013-00437

CCR details

Tracking Number 2013-00437
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 04/30/2013
Rule ProposedRuleAttach2013-00437.DOC
Statutory Authority 10-1-109, 10-3-201(1)(b), 10-6-129, and 10-14-604
Description of Subjects/Issues 3-1-11 Risk-Based Capital (RBC) for Insurers
Purpose/Objective of Rule The purpose of this Regulation is to establish standards for the minimum capital and surplus to be maintained by insurers, captive insurers and fraternal benefit societies as provided by 10-3-201(1)(b), 10-6-116, and 10-14-604, C.R.S. These standards provide for the early detection of a potentially hazardous or otherwise dangerous condition of an insurer in order to protect its insureds and the general public. This Regulation additionally provides for reporting, corrective measures, and enforcement actions available to the Commissioner.
Comments Keenan Lorenz
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 06/03/2013
Hearing Time 02:00 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

Adopted rule

Adopted Rules AdoptedRules02013-00437.DOC
Redline Redline2013-00437.DOC
Adopted Date 06/14/2013
AGO requested date 06/14/2013
Attorney General Opinion 06/28/2013
Effective Date 08/01/2013
Inserted into CCR 07/29/2013