Colorado Code § 10-1-311

Participation in national market conduct databases
Open in Lexace · Ask the AI about this section
(1) The commissioner
shall report market data to the NAIC's market information systems, including the complaint
database system, the examination tracking system, and the regulatory information retrieval
system, or other successor NAIC products as determined by the commissioner.
(2) (a) The commissioner shall report complaints to the NAIC complaint database
system, or its successor product, in accordance with NAIC guidelines. However, before
publication of company-specific complaint information by the commissioner, insurance industry
personnel shall be given the opportunity to review Colorado-specific complaints assigned to
their company in the commissioner's complaints database and request that corrections be made
to the data. The commissioner shall review company objections to assigned complaints before
publishing company-specific complaints information and shall make corrections to the
commissioner's complaints database when appropriate. If the commissioner makes corrections to
its complaints database based on errors identified by a company, the commissioner shall send
corrected data to the NAIC complaint database system, or its successor product.
(b) The commissioner shall ensure that companies have until at least February 15 to
review complaints data for the immediately preceding calendar year. In order for a company's
objections to its complaints data information to be considered, the company must review and
request any corrections to the prior calendar year's complaints data no later than February 15.
(3) Information maintained by the commissioner shall be compiled in a manner that
meets the requirements of the NAIC.

‹ Prev All Colorado sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.