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Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2015-00865

CCR details

Tracking Number 2015-00865
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 12/28/2015
Rule ProposedRuleAttach2015-00865.doc
Statutory Authority 10-1-109(1), 10-3-529(4), 10-3-705, 10-3-1110, 10-6-129, 10-14-505 and 10-16-109
Description of Subjects/Issues 3-3-4 LIFE AND HEALTH REINSURANCE AGREEMENTS
Purpose/Objective of Rule The purpose of this regulation is to establish requirements for acceptable reinsurance agreements to ensure that ceding insurers operate in a sound financial manner; correctly report their financial condition on required financial statements; and properly reduce liabilities or establish assets for reinsurance ceded. These requirements are necessary to protect the ceding insurers’ policy and contract holders and the people of the state of Colorado.
Comments Carey Michal
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? No
Hearing Date 02/01/2016
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

Adopted rule

Adopted Rules AdoptedRules02015-00865.DOC
Redline Redline2015-00865.doc
Adopted Date 02/09/2016
AGO requested date 02/09/2016
Attorney General Opinion 02/22/2016
Colorado Register publication date 03/10/2016
Effective Date 04/01/2016
Inserted into CCR 03/30/2016