Request for Comment on DRAFT New Bulletin 5.4X - Credit Insurance Scoring Restrictions due to COVID-19

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Request for Comment on DRAFT New Bulletin 5.4X - Credit Insurance Scoring Restrictions Due to COVID-19

The Division is seeking informal comments on the following draft new bulletin:

This bulletin is intended to provide guidance to all insurers that use credit information for underwriting and/or rating of property and casualty insurance policies in the State of Colorado under Article 4 of Title 10.

Given the extraordinary life circumstances caused by the COVID-19 health crises, the Division is directing property and casualty insurers to not use any adverse credit information that is related to the COVID-19 emergency in determining the rate/premium of property or casualty policies of insurance. 

The Division is requesting informal comments be submitted no later than 5 PM, May 26, 2020.

Bulletins out for Informal Comment 

 

Other Division bulletins currently in effect can be found via the following link:

DOI Bulletins

 

Additional information concerning COVID-19 and insurance can be found on the Division's website via the following link:

COVID-19 and Insurance

 

Please do not reply to this email as your response will not be read or forwarded.