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Code of Colorado Regulations eDocket
Details of Tracking Number
2021-00301
CCR details
| Tracking Number |
2021-00301 |
| 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 |
§§ 10-1-108(7), 10-1-109(1), 10-16-1207(5), and 10-16-109, C.R.S. |
| Purpose/Objective of Rule |
The purpose of this regulation is to provide standards for including payments to carriers pursuant to C.R.S. § 10-16-1205(1)(b)(II) in rate filings for health benefit plans regulated by the Colorado Division of Insurance |
| 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 to comply with state law and for the preservation of public health, safety, or welfare. The American Rescue Plan Act of 2021, H.R. 1319 signed into law on March 11, 2021 increased premium tax credits for 2021 available to all individuals purchasing health benefit plans through the Colorado health benefit exchange. As a result, the previous decision from the Health Insurance Affordability Enterprise Board on November 20, 2020, recommending creation of a state based premium wrap for payments pursuant to § 10-16-1205(1)(b)(II), C.R.S., would no longer be necessary to meet the objective of increasing affordability of health insurance on the individual market. |
| 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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