The Division would like to provide notice that the Commissioner has adopted the following regulations:
The purpose of this regulation is to promulgate rules applicable to the form filing requirements for health benefit plans, ACA-compliant stand-alone dental plans, student health insurance coverage, and short- term limited duration health insurance policies.
The purpose of this regulation is to protect homeowner policyholders who have suffered a loss during a catastrophic disaster, such as the 2020 Colorado East Troublesome Fire and the 2021 Marshall and Middle Fork Fires, from insurers that cause unreasonable delays in claim handling. Such delays may result in delays to rebuilding the homeowner policyholders’ property, which is often further exacerbated by labor and material shortages. The Division is specifically concerned with ALE benefits and time limits on
repair or replacement for recoverable coverage. This regulation identifies specific acts or practices that may constitute unfair claim settlement practices.
This regulation is being repealed due to the end of the national COVID-19 PHE on May 11, 2023.
These regulations and regulation repeal will become effective on August 30, 2023.