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Code of Colorado Regulations eDocket
Details of Tracking Number
2021-00089
CCR details
| Tracking Number |
2021-00089 |
| 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 |
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Proposed rule
| Rule |
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| Additional Information |
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| Statutory Authority |
§§ 10-1-108(7), 10-1-109, 10-16-109, 10-16-1205(1)(a)(I), and 10-16-1207(5), C.R.S. |
| Purpose/Objective of Rule |
The purpose of this emergency regulation is to establish the process by which the Health Insurance Affordability Enterprise will assess and collect the Health Insurance Affordability Fee annually from carriers, pursuant to § 10-16-1205(1)(a)(I), C.R.S.
The Division of Insurance finds, pursuant to § 24-4-103(6)(a), C.R.S., that immediate adoption of this regulation is imperatively necessary for the preservation of public health, safety, or welfare to ensure that the Health Insurance Affordability Fee is calculated, assessed, and collected on a timeline that allows the Health Insurance Affordability Enterprise to implement affordable health coverage options for Colorado consumers during the 2022 benefit year. The Division of Insurance also finds, pursuant to § 24-4-103(6)(a), C.R.S., that requiring reporting of the fee amount to the Division of Insurance by March 1, 2021 is necessary to calculate and implement the allocation of funds required by § 10-16-1205(2)(b), C.R.S. On January 22, 2021, pursuant to § 10-16-1207(4)(c)(I), C.R.S., the Health Insurance Affordability Board recommended “for approval and establishment by the commissioner by rule . . . [t]he timing and methodology for assessing and collecting the fee and special assessment” articulated in this rule. As required by § 10 16 1207(5), C.R.S., the Commissioner of Insurance considered this recommendation before adopting this regulation. Therefore, compliance with the requirements of § 24 4-103, C.R.S., would be contrary to the public interest. |
| Comments |
The Division of Insurance finds, pursuant to § 24-4-103(6)(a), C.R.S., that immediate adoption of this regulation is imperatively necessary for the preservation of public health, safety, or welfare to ensure that the Health Insurance Affordability Fee is calculated, assessed, and collected on a timeline that allows the Health Insurance Affordability Enterprise to implement affordable health coverage options for Colorado consumers during the 2022 benefit year. |
| 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 |
Compliance Specialist |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@state.co.us |
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Adopted rule
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