| Notice Filed with SOS |
06/30/2017 |
| Rule |
ProposedRuleAttach2017-00264.doc
|
| Statutory Authority |
10-1-108(7), 10-1-109, 10-7-114, and 10-14-505 |
| Description of Subjects/Issues |
3-1-8 CONCERNING ACTUARIAL OPINIONS AND MEMORANDUMS FOR LIFE COMPANIES AND FRATERNAL BENEFIT SOCIETIES.
The purpose of this regulation is to prescribe:
A. Guidelines and standards for statements of actuarial opinion, which are to be submitted in accordance with §§10-7-114 and 10-14-602, C.R.S. and for memorandums submitted in support thereof;
B. Rules applicable to the appointment of an appointed actuary; and
C. Guidance as to the meaning of “adequacy of reserves.” |
| Purpose/Objective of Rule |
The purpose of this regulation is to prescribe:
A. Guidelines and standards for statements of actuarial opinion, which are to be submitted in accordance with §§10-7-114 and 10-14-602, C.R.S. and for memorandums submitted in support thereof;
B. Rules applicable to the appointment of an appointed actuary; and
C. Guidance as to the meaning of “adequacy of reserves.” |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
08/01/2017 |
| Hearing Time |
02:00 PM |
| Hearing Location |
1560 Broadway, Ste 110 D, 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 |