The Division will be hosting a stakeholder meeting regarding Unfair Discrimination in Insurance Practices, focusing on underwriting practices in private passenger auto insurance, on April 6, 2023, from 10:00 - 11:00 am MT. This meeting will kick-off stakeholder engagement around private passenger auto insurance as part of the Division's ongoing implementation of Senate Bill (SB) 21-169.
In 2021, Governor Polis signed SB 21-169 into law, which protects Colorado consumers from insurance practices that result in unfair discrimination on the basis of race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identify, or gender expression, into law. SB 21-169 holds insurers accountable for testing their big data systems - including external consumer data and information sources, algorithms, and predictive models - to ensure they are not unfairly discriminating against consumers on the basis of a protected class. The law also directs the Insurance Commissioner to hold stakeholder meetings to address specific types of insurance (i.e., life, auto, health), as well as specific insurance practices (i.e., marketing, underwriting, claims management) before adopting rules on how the companies should test and demonstrate to the Division that their use of big data is not unfairly discriminating against consumers.
The Division's implementation of SB 21-169 began in February 2022, with an initial focus on underwriting practices in life insurance. Stakeholders interested in registering for the April 6 stakeholder meeting focused on underwriting practices in private passenger auto insurance can sign up by clicking on the following button:
Register for the April 6 Meeting
All interested stakeholders - including insurance companies, insurance agents/producers, consumer representatives, and other interested parties - are invited to participate. Materials for all meetings (past and upcoming) will be available on the Division's SB21-169 - Protecting Consumers from Unfair Discrimination in Insurance Practices webpage. A meeting agenda for April 6 will be posted prior to the meeting.
Find more information about SB21-169, the stakeholder process, and unfair discrimination in insurance practices on the Division’s SB21-169 - Protecting Consumers from Unfair Discrimination in Insurance Practices webpage.