3 Colo. Code Regs. § 702-8-1-1-4
Current through Register Vol. 48, No. 1, January 10, 2025
Section 3 CCR 702-8-1-1-4 - DefinitionsA. "Business of title insurance" shall have the same meaning as set forth in § 10-11-102(3), C.R.S.B. "Division" means, for the purposes of this regulation, the Colorado Division of Insurance.C. "Fee" means, for purposes of this regulation only, the amount other than the rate (see subsection F below) charged by a title entity for services performed pursuant to the business of title insurance as defined in § 10-11-102, C.R.S.D. "Justification" means, for the purposes of this regulation, information that establishes the rate or fee is not excessive, inadequate, or unfairly discriminatory pursuant to § 10-4-403, C.R.S. This information must qualify, quantify, and demonstrate the facts and figures to support, defend, and substantiate a proposed rate or fee.E. "Person" has the same meaning as found at § 10-2-103(8), C.R.S.F. "Rate" means, for purposes of this regulation, expenses as defined in § 10-4-402 (1.5), C.R.S., together with the pure premium rate as defined in § 10-4-402 (2.4), C.R.S., and includes production expenses, profit, and commissions, in accordance with § 10-4-403, C.R.S.G. "Title insurance agency" shall have the same meaning as found at § 10-11-102 (8.5), C.R.S.H. "Title insurance agent" shall have the same meaning as found at § 10-11-102(9), C.R.S.I. "Title insurance company" shall have the same meaning as found at § 10-11-102(10), C.R.S.J. "Title insurance entity" shall have the same meaning as found at § 10-11-102(11), C.R.S.38 CR 17, September 10, 2015, effective 10/1/201539 CR 14, July 25, 2016, effective 8/15/201640 CR 03, February 10, 2017, effective 3/15/201741 CR 12, June 25, 2018, effective 7/15/201842 CR 14, July 25, 2019, effective 8/15/201943 CR 14, July 25, 2020, effective 8/15/202045 CR 16, August 25, 2022, effective 9/14/2022