The Division is seeking comments on the following draft proposed new regulation:
The purpose of this regulation is to protect homeowner policyholders, who have suffered a total loss during a catastrophic disaster, from insurers that cause unreasonable delays in claim handling, which may further delay rebuilding property. Further, this regulation identifies specific acts or practices that constitute unfair claim settlement practices.
The Division is requesting informal comments be submitted to DORA_INS_RulesandRecords@state.co.us no later than 5 PM, November 10, 2021.
This draft regulation, as well as other draft regulations currently released for informal public comment, can be found on our page for Draft Regulations and Bulletins for Informal Comments.