3 Colo. Code Regs. § 702-3-1-18-5

Current through Register Vol. 47, No. 24, December 25, 2024

Section 3 CCR 702-3-1-18-5 - Rules

A. On or before August 31, 2024, and each year thereafter, insurers shall submit a completed "NAIC Climate Risk Disclosure Survey" ("Survey") to the California Department of Insurance as directed on the Department's website.

B. Insurers are expected to address the content of the entire Survey to the best of their ability.

C. Insurers subject to this regulation, as defined in Section 3, that are within the same group with similar policies and practices and whose answers would not be materially different from each other may submit uniform group responses. When submitting group responses, insurers must check the premium amounts for each individual company in the group and submit a Survey response for each company issued a certificate of authority to transact business pursuant to Sections 10-3-101 to 10-3-131, C.R.S. with more than 100 million dollars in direct written premium nationwide.

D. Insurers that are required to respond to the Survey by one of the partner states and jurisdictions are only required to submit the Survey once.

3 CCR 702-3-1-18-5

46 CR 23, December 10, 2023, effective 12/30/2023