Notice of Adoption of Emergency Regulation 22-E-01 Concerning Tolling Certain Time Limits of Policyholder Benefits in the Event of a Catastrophic Disaster

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

The purpose of this emergency 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, which may further delay rebuilding property. Such delays may be further exacerbated by labor and material shortages. Further, this regulation identifies specific acts or practices that may constitute unfair claim settlement practices.

This emergency regulation was adopted on January 7, 2022.

This emergency regulation, and other Division emergency regulations, can be found on the Division's Emergency Regulations page.

Additional information on insurance and the Marshall Fire Response can be found on the Division website via the following link. This emergency regulation can be found under the Health Insurance heading.