3 Colo. Code Regs. § 702-1-1-8-4

Current through Register Vol. 47, No. 20, October 25, 2024

Section 3 CCR 702-1-1-8-4 - Definitions

A. "Complete and accurate response" means, for the purposes of this regulation, a written response that includes all of the information, documents and explanation requested in the Division's inquiry. If the requested information is not available, the response shall include a detailed explanation of why it cannot be provided.

B. "Division" means, for the purposes of this regulation, the Colorado Division of Insurance.

C. "Inquiry" means, for the purposes of this regulation, any written request from the Division to any person, for documents, information or an explanation or response. Inquiries may concern, but are not limited to, market conduct action request/comment forms, financial examination request/memo forms, information requests arising from complaints received by the Division, compliance reviews, survey requests, rate reviews, filing reviews and any other formal or informal investigation or examination conducted for the purpose of determining compliance with Colorado insurance law. A written Division request may be transmitted electronically, hand-delivered or may be sent through the United States Postal System.

D. "Examination Request/Comment Form" and "Examination Request/Memo Form" mean, for the purposes of this regulation, a request for information made during the course of a financial examination under §§ 10-1-201 to 217, C.R.S. or market conduct examination under §§ 10-1-301 to 312, C.R.S., and includes:

1. A written request from the examiner for books, records, materials, information, documentation or data necessary for examination of the company's operations; and

2. A written comment from the examiner that identifies concerns related to company actions that requires additional information, documentation or acknowledgment from the company.

E. "Person" shall have the same meaning as found at § 10-2-103(8), C.R.S.

F. "Response" means, for the purposes of this regulation, all written information, documentation and/or explanations provided to the Division from the person to whom the inquiry is made.

3 CCR 702-1-1-8-4

37 CR 11, June 10, 2014, effective 6/30/2014

37 CR 11, June 10, 2014, effective 7/1/2014

38 CR 09, May 10, 2015, effective 6/1/2015

38 CR 20, October 25, 2015, effective 11/15/2015

40 CR 19, October 10, 2017, effective 11/1/2017

40 CR 21, November 10, 2017, effective 12/1/2017

40 CR 21, November 10, 2017, effective 1/1/2018

41 CR 21, November 10, 2018, effective 12/1/2018

43 CR 21, November 10, 2020, effective 12/1/2020

45 CR 21, November 10, 2022, effective 11/30/2022