The Division would like to provide notice that the Commissioner has adopted the following amended regulation:
The purpose of this regulation is to set forth rules and procedural requirements that the Commissioner deems necessary to carry out the provisions of the Section 10-3-701 et. seq., C.R.S., regarding the conditions and circumstances under which a domestic insurer may reduce their liabilities, or establish an asset associated with risks reinsured.
This regulation is being amended to bring Colorado law into alignment with revisions to the National Association of Insurance Commissioners' Credit for Reinsurance Model Regulation (Model Regulation 786), and in accordance with HB21-1063.
This regulation will become effective on January 1, 2022.
Find this regulation and other regulations that have been adopted, but are not yet effective, at Regulations Adopted But Not Yet Effective.
Division bulletins and regulations can be found at Statutes, Regulations & Bulletins.