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Code of Colorado Regulations eDocket
Details of Tracking Number
2024-00267
CCR details
| Tracking Number |
2024-00267 |
| Type of Filing |
Permanent Rule |
| Department |
700 Department of Regulatory Agencies |
| Agency |
702 Division of Insurance |
| CCR Number |
3 CCR 702-5 |
| CCR Title |
PROPERTY AND CASUALTY |
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Proposed rule
| Notice Filed with SOS |
05/31/2024 |
| Rule |
ProposedRuleAttach2024-00267.doc
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| Statutory Authority |
§§ 10-1-108(7), 10-1-109(1), 10-3-1110 and 10-4-110.8, C.R.S. |
| Description of Subjects/Issues |
HB23-1174, enacted in the aftermath of the December 30, 2021, Marshall Fire, requires insurers to consider certain costs related to the reconstruction of a dwelling, and disclose to the applicant or policyholder the factors and costs considered when establishing the replacement cost estimate of the dwelling. See §§10-4-110.8 (8), (9.5) and (15), C.R.S. |
| Purpose/Objective of Rule |
HB23-1174, enacted in the aftermath of the December 30, 2021, Marshall Fire, requires insurers to consider certain costs related to the reconstruction of a dwelling, and disclose to the applicant or policyholder the factors and costs considered when establishing the replacement cost estimate of the dwelling. See §§10-4-110.8 (8), (9.5) and (15), C.R.S. |
| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
Yes
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| Recent legislation bill number |
HB23-1174
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| Hearing Date |
07/02/2024 |
| Hearing Time |
10:00 AM |
| Hearing Location |
Webinar or 1560 Broadway, STE 850, Denver CO 80202 |
| Contact Name |
Jill Mullen |
| Contact Title |
Policy Advisor |
| Contact Telephone |
720-5564952 |
| Contact email |
jill.mullen@state.co.us |
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Adopted rule
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