NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      HOUSE BILL 11-1033
      
      
      BY REPRESENTATIVE(S) Williams A., Fields, Ryden, Wilson, Labuda,
      Looper, Ramirez, Swalm;
      also SENATOR(S) Jahn, Steadman.
      
      
      Concerning the elimination of the requirement that certain
           insurers file Colorado-specific financial information with
           the commissioner of insurance, and making an appropriation
           therefor.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  Repeal.  10-3-208 (8), Colorado Revised Statutes, is
      repealed as follows:
      
           10-3-208.  Financial statements.  (8) (a)  As part of the financial
      statement required in subsection (1) of this section, each property and
      casualty insurer regulated under article 4 of this title shall submit to the
      commissioner the information required in schedule P of the national
      association of insurance commissioners (NAIC) annual statement filed with
      the commissioner.  The information shall be provided for Colorado business
      only for the following lines of insurance and shall include all information
      required to fully complete each column of each applicable part of schedule
      P of the convention blank for the annual statement adopted by the NAIC:
      
           (I)  Private passenger automobile total;
      
           (II)  Commercial automobile total;
      
           (III)  Homeowners multiple peril;
      
           (IV)  Farmowners multiple peril;
      
           (V)  Commercial multiple peril;
      
           (VI)  Medical malpractice; and
      
           (VII)  Other liability.
      
           (b)  For purposes of complying with the requirements of this
      subsection (8), a property and casualty insurer shall not be required to report
      information for calendar years commencing prior to January 1, 2002.
      
           SECTION 2.  Appropriation - adjustments in 2011 long bill.  For
      the implementation of this act, the cash funds appropriation made in the
      annual general appropriation act for the fiscal year beginning July 1, 2011,
      to the department of regulatory agencies, division of insurance, for
      operating expenses, is decreased by five thousand three hundred thirty-three
      dollars ($5,333).
      
           SECTION 3.  Applicability.  This act shall apply to annual financial
      statements filed on or after the effective date of this act.
      
           SECTION 4.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Frank McNulty                      Brandon C. Shaffer
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO