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Code of Colorado Regulations eDocket
Details of Tracking Number
2020-00896
CCR details
| Tracking Number |
2020-00896 |
| Type of Filing |
Emergency |
| Department |
700 Department of Regulatory Agencies |
| Agency |
702 Division of Insurance |
| CCR Number |
3 CCR 702-4 Series 4-2 |
| CCR Title |
LIFE, ACCIDENT AND HEALTH, Series 4-2 Accident and Health (General) |
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Proposed rule
| Rule |
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| Additional Information |
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| Statutory Authority |
§§ 10-18-103(2), 10-18-104, 10-18-106 and 10-1-109, C.R.S. |
| Purpose/Objective of Rule |
The purpose of this regulation is to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies; to facilitate public understanding and comparison of such policies; to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; to provide for full disclosure in the sale of accident and sickness insurance coverage to persons eligible for Medicare; and to comply with the mandate of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) which prohibit the sale of Medicare supplement benefit policies that cover Medicare Part B deductibles to “newly eligible” Medicare beneficiaries defined as those individuals who become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1, 2020. |
| 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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Termination information
| Date |
11/20/2020 |
| Reason |
Wrong CCR # filed |
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