Colorado § 10-1-302 Definitions

Colorado Statutes

§ 10-1-302 — Definitions

Colorado § 10-1-302

Title 10Insurance

Art.General Provisions

This text of Colorado § 10-1-302 (Definitions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 10-1-302 (2026).

Text

As used in this part 3, unless the context otherwise requires:

(1)Commissioner means the commissioner of insurance, the commissioner's deputies, or the division of insurance.

(2)Company means any person or group of persons engaging in or proposing or attempting to engage in any transaction or kind of insurance or surety business or any person or group of persons who may otherwise be subject to any administrative, regulatory, or taxing authority of the commissioner, as well as any advisory organization or rating organization as defined in section 10-4-402.

(3)Complaint means any written communication, or oral communication that is subsequently converted to a written form, that expresses a grievance or dissatisfaction with a specific person or entity subject to regulation by th

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As used in this part 3, unless the context otherwise
requires:

(1) Commissioner means the commissioner of insurance, the
commissioner's deputies, or the division of insurance.

(2) Company means any person or group of persons engaging in or
proposing or attempting to engage in any transaction or kind of insurance or surety
business or any person or group of persons who may otherwise be subject to any
administrative, regulatory, or taxing authority of the commissioner, as well as any
advisory organization or rating organization as defined in section 10-4-402.

(3) Complaint means any written communication, or oral communication
that is subsequently converted to a written form, that expresses a grievance or
dissatisfaction with a specific person or entity subject to regulation by the division.

(4) Division means the division of insurance, the commissioner of insurance,
or a government official or agency of a state other than Colorado exercising powers
and duties substantially equivalent to those of the commissioner or the division.

(5) Market analysis means a process whereby market conduct surveillance
personnel collect and analyze information from filed schedules, surveys, required
reports, and other sources in order to develop a baseline understanding of the
marketplace and to identify patterns or practices of companies that deviate from
the norm or that may pose risk to the insurance consumer.

(6) Market conduct examination includes any type of examination as set
forth in the Market Regulation Handbook that assesses a company's compliance
with the laws, rules, and regulations applicable to the company. Market conduct
examinations include desk examinations, on-site examinations, follow up
examinations, and targeted examinations.

(7) Market conduct surveillance means any of the full range of activities
that the commissioner may initiate to assess and address the market practices of
any company licensed or registered pursuant to this title 10 to conduct business in
this state, including market analysis, interrogatories, and market conduct
examinations.

(8) Market conduct surveillance personnel means those individuals
employed by or under contract with the commissioner to collect, analyze, review, or
act on information about the insurance marketplace that identifies patterns or
practices of companies.

(9) Market Regulation Handbook means the guidelines developed and
issued by the NAIC that are designed to be used to conduct uniform, standardized
market conduct surveillance.

(10) NAIC or national association of insurance commissioners means the
organization of insurance regulators from the fifty states, the District of Columbia,
and the five United States territories.

(11) Person means any individual, aggregation of individuals, trust,
association, partnership, or corporation, or any agent or affiliate thereof.

(12) Standard data request means the set of field names and descriptions
developed and adopted by the NAIC for use by market conduct surveillance
personnel in an examination.

(13) Third-party model or product means a model or product provided by an
entity separate from and not under direct or indirect corporate control of the
company using the model or product.

Legislative History

Source: L. 2017: Entire part added, (HB 17-1231), ch. 284, p. 1561, � 10, effective January 1, 2018. L. 2023: (10) amended, (HB 23-1301), ch. 303, p. 1816, � 6, effective August 7.