Colorado Code
Part 4 - Rate Regulation
§ 10-4-406. Review of Filings - Certain Coverages

(2.5) For any filing made pursuant to section 10-4-405 for workers' compensation and employer's liability insurance incidental thereto and written in connection therewith, and where the commissioner determines that it is necessary to use the services authorized in subsection (3.5) of this section, the commissioner shall have a reasonable time not to exceed sixty days to review or inspect the filing after it is determined to be complete and before the filing shall be considered placed on file pursuant to subsection (2) of this section. The commissioner shall place on file for public inspection the results of any review or examination performed pursuant to subsection (3.5) of this section.

(3.5) If the commissioner determines that it is reasonably necessary, the commissioner may cause the filing to be reviewed or examined by actuaries, accountants, insurance experts, or any other person at the discretion of the commissioner. The reasonable costs of any such review or examination shall be paid by the rating organization, advisory organization, or group, association, or insurer submitting the filing for approval.








Notice of assigned risk motor vehicle insurance rate filing, pursuant to section 10-4-406 (4), Colorado Revised Statutes, is hereby given by the commissioner of insurance that a rate change has been filed by: Name of insurance company Type of property affected Type of insurance coverage Nature of rate change Date of filing Dated and signed at Denver, Colorado, this ( ) day of (month), 20.... By: ............................................. Commissioner of Insurance The commissioner shall certify in writing as to the mailing of the aforesaid notices to such news agencies, and a copy of the certificate shall be made part of the commissioner's records pertaining to such filings. The effectiveness of any such filing or action of the commissioner relative thereto shall not be affected by failure of the commissioner so to inform any particular news agency.
Source: L. 79: Entire part R&RE, p. 366, § 8, effective July 1. L. 85: (5) amended, p. 381, § 2, effective April 17. L. 91: (1) amended and (2.5) and (3.5) added, p. 1198, § 4, effective April 11; (2.5) amended, p. 1909, § 11, effective June 1. L. 2004: (5)(a) and (5)(b) amended, p. 395, § 2, effective August 4.
Editor's note: This section is similar to former § 10-4-305 as it existed prior to 1979.

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