Requires the division of insurance to promulgate rules defining an exempt commercial policyholder. Recommends that the division receive suggestions from risk management professionals, insurance managers or buyers, insurance representatives, and qualified insurance consultants in creating rules defining exempt commercial policyholders. Exempts insurers selling property and casualty coverage to exempt commercial policyholders from rate regulation and approval requirements and form certification requirements of the division of insurance. Provides for review and regulation by the commissioner of insurance for insurers charging anticompetitive rates as defined in Colorado law.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute. Page 2 commissioner of insurance or the insured. Allows the commissioner to promulgate rules as necessary to administer the new provisions. Exemption from rate filing and approval and form 2 certification requirements. Multistate insurance risks - choice of law.