Notice of Adoption - New Bulletin B-10.004 Concerning the Quantitative Testing Reporting Requirement for Life Insurers that Use External Consumer Data and Information Sources

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The Division would like to provide notice that the Commissioner has adopted the following bulletin:

The Division has received inquiries from life insurers regarding the requirement specified in Section 5.A.10. of Colorado Insurance Regulation 10-1-1 to include a description of the quantitative testing conducted to detect unfair discrimination in the annual report due December 1, 2024. Life insurers are requesting guidance due to the fact that the Division has not yet adopted rules establishing the required quantitative testing. The purpose of this bulletin is to provide the requested guidance.

This bulletin was issued on October 18, 2024.

This bulletin, and other Division bulletins, can be found on the Division's website.

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