CO | The purpose of this regulation is to establish standards regarding the placement of insurance by producers and the qualification of insurers pursuant to the Colorado Non admitted Insurance Act, § 10-5-101, et seq., C.R.S. and the “Non-admitted and Reinsurance Reform Act of 2010”, 15 U.S.C. § 8201 et. seq., as amended. This regulation also serves to protect Colorado insurance consumers by setting forth necessary disclosure requirements for surplus lines insurance contracts.
This regulation will become effective on January 1, 2025.