Posted: 2/7/2012
Colorado: NAMIC Submits Written Comments on Proposed Amended Regulation on Penalties, Timelines Regarding DOI Inquiries, Document Requests
NAMIC submitted written comments Feb. 2 on Proposed Amended Regulation 1-1-8, which would amend the current regulation so as to eliminate an insurer’s ability to request multiple extensions of time to respond to Division of Insurance inquiries; change the definition of what is considered a “complete and accurate” response to a DOI inquiry; and amend current law on insurer penalties and sanctions.