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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  2018-00392


CCR details

Tracking Number 2018-00392
Type of Filing Emergency
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-1
CCR Title ADMINISTRATIVE PROCEDURES

Proposed rule

Rule
Additional Information
Statutory Authority 10-1-109, 10-16-133(5)(c), and 10-22-112(3)(b), C.R.S.
Purpose/Objective of Rule The purpose of this regulation is to establish that insurance producers, who sell health care insurance shall disclose to the person purchasing the policy that the insurance producer will receive a commission, establish the required disclosure of the standard compensation schedule of the producer to the consumer; and to establish the conditions and notice that must be provided to a consumer if a producer intends to charge a fee for the sale of an individual health benefit plan. The Division of Insurance finds, pursuant to 24-4-103(6)(a), C.R.S., that immediate adoption of this regulation is imperatively necessary to ensure that the regulations governing compensation for insurance producers will comply with the changes made to 10-16-133(5), C.R.S., by SB 18-136, which become effective on August 8, 2018. Therefore, compliance with the requirements of 24-4-103, C.R.S., would be contrary to the public interest. This emergency regulation replaces Colorado Insurance Regulation 1-2-17 that became effective on March 2, 2009, in its entirety.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? No
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 AdoptedRules02018-00392.doc
Emergency Justification EmergencyJustificationPathAttach2018-00392.doc
Adopted Date 08/08/2018
Emergency AGO requested date 08/08/2018
Attorney General Opinion 08/22/2018
Colorado Register publication date 09/10/2018
Effective Date 08/08/2018
Inserted into CCR 08/29/2018