NOTE:  This bill has been prepared for the signatures 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.
      
      
      SENATE BILL 14-210
      
      
      BY SENATOR(S) Cadman and Aguilar, Tochtrop;
      also REPRESENTATIVE(S) Sonnenberg and Kraft-Tharp, Becker, May,
      Schafer, Young.
      
      
      Concerning the conduct of examinations of insurers by the
           commissioner of insurance, and, in connection therewith,
           requiring a preexamination conference and a conference to
           be held before issuance of a draft examination report.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 10-1-204, add (11) as
      follows:
      
           10-1-204.  Conduct of examinations - conferences. (11)  For
      every market conduct examination conducted pursuant to this
      part 2, the division shall hold:
      
           (a)  A preexamination conference between the division and
      the insurer subject to the examination. The division shall design
      and conduct the preexamination conference in accordance with
      the preexamination provisions of the NAIC market conduct
      examiner's handbook for the parties to discuss:
      
           (I)  Early resolution and simplification of issues and any
      disputes;
      
           (II)  Avoidance of the production of unnecessary or
      duplicative information; and
      
           (III)  Facilitation of the complete, accurate, just, speedy,
      and inexpensive disposition of the examination.
      
           (b)  A pre-draft conference between the division, the
      examiner, and the insurer subject to the examination at least
      thirty days before the filing of a draft report. The division shall
      design and conduct the conference in accordance with the
      examination report provisions of the NAIC market conduct
      examiner's handbook to facilitate:
      
           (I)  The resolution of outstanding issues;
      
           (II)  Discussing and resolving corrective actions; and
      
           (III)  Reviewing the report before it is printed in draft form.
      
           SECTION 2.  Act subject to petition - effective date -
      applicability. (1)  This act takes effect at 12:01 a.m. on the day following
      the expiration of the ninety-day period after final adjournment of the
      general assembly (August 6, 2014, if adjournment sine die is on May 7,
      2014); except that, if a referendum petition is filed pursuant to section 1 (3)
      of article V of the state constitution against this act or an item, section, or
      part of this act within such period, then the act, item, section, or part will
      not take effect unless approved by the people at the general election to be
      held in November 2014 and, in such case, will take effect on the date of the
      official declaration of the vote thereon by the governor.
      
           (2)  This act applies to examinations conducted on or after the
      applicable effective date of this act.
      
      
      
      
      ____________________________  ____________________________
      Morgan Carroll                        Mark Ferrandino
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO