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Legislative Year: 2024 Change
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Bill Detail: HB24-1321

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Title Insurance Holding Company Model Regulation
Status Introduced In Senate - Assigned to Business, Labor, & Technology (03/18/2024)
Bill Subjects
  • Health Care & Health Insurance
  • Insurance
House Sponsors K. Brown (D)
R. Taggart (R)
Senate Sponsors D. Roberts (D)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 02/20/2024
Summary

The bill updates Colorado state laws concerning insurance
company holding systems to align with the National Association of
Insurance Commissioners' model act. The changes include updating:
  • The registration requirements for the ultimate controlling
person of each insurer by adding new filing requirements
to be included with the division of insurance's (division)
existing registration requirements;
  • The standards for insurance holding company transactions
subject to registration with the division;
  • Language concerning the confidential treatment of
documents to include proprietary and trade secret
documents and materials; and
  • The regulatory tools that the division may use for the
regulation of insurance holding companies.
The bill also makes technical amendments.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (03/19/2024) (most recent)  
Additional Bill Documents Bill Documents
Including:
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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