Subjects and Issues Involved | 3-1-11 RISK-BASED CAPITAL (RBC) FOR INSURERS The purpose of this Regulation is to establish standards for the minimum capital and surplus to be maintained by insurers, captive insurers and fraternal benefit societies as provided by ยงยง 10-3-201(1)(b), 10-6-116, and 10-14-604, C.R.S. These standards provide for the early detection of a potentially hazardous or otherwise dangerous condition of an insurer in order to protect its insureds and the general public. This Regulation additionally provides for reporting, corrective measures, and enforcement actions available to the Commissioner. |
Statutory Authority | 10-1-109, 10-3-201(1)(b), 10-6-129, and 10-14-604 |
Select this link to view the text of the Proposed Rule | ProposedRuleAttach2017-00173.doc |
Select this link to view important information regarding the Rulemaking Hearing,including information on attending the hearing and participating in the rulemaking process | No additional information was filed |