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Code of Colorado Regulations eDocket
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 |
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Proposed rule
| Rule |
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| Additional Information |
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| 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
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| Is this rule adopted in response to recent legislation? |
No
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| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |
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Adopted rule
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