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SB16-029

Insurance Comply With Model Acts

Concerning changes to Colorado insurance laws necessary to maintain accreditation with the national association of insurance commissioners (NAIC), and, in connection therewith, adopting a new own risk and solvency assessment law (ORSA) in a form substantially similar to the NAIC model and enhancing Colorado's insurance holding company system law by adding a required NAIC model provision specifying the insurance commissioner's power to issue subpoenas and examine witnesses.
Session:
2016 Regular Session
Subjects:
Business & Economic Development
Insurance
Bill Summary

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. R. Heath, Sen. M. Scheffel
Rep. C. Duran, Rep. P. Lawrence

Sponsor

Co-sponsor

Sen. R. Baumgardner, Sen. J. Cooke, Sen. L. Crowder, Sen. K. Grantham, Sen. C. Holbert, Sen. K. Lundberg, Sen. B. Martinez Humenik, Sen. T. Neville, Sen. L. Newell, Sen. J. Tate, Sen. N. Todd, Sen. L. Woods
Rep. K. Conti, Rep. A. Williams

The Colorado Senate and House of Representatives will not convene on Monday, January 20, 2025 in observance of Dr. Martin Luther King Jr. day.

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details