CO-ADMT-6-1-1709-04
Requirement
6-1-1709 — No new private right of action - application of other
Insurance Commissioner Rulemaking on Notice and Disclosure
Description
The Insurance Commissioner may adopt new rules or update existing rules regarding notice and disclosures that insurers must provide to consumers, related to insurers' use of external consumer data, algorithms, and predictive models. This is directed at a state regulatory official, not directly at private companies, though resulting rules may impose future disclosure obligations on insurers.
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CO-ADMT-6-1-1709-01
Prohibition
Part 17 Violations Constitute Deceptive Trade Practices
CO-ADMT-6-1-1709-02
Requirement
Compliance with Part 17 Does Not Excuse Other Legal Obligations
CO-ADMT-6-1-1709-03
Documentation
No New Private Right of Action Created by Part 17
CO-ADMT-6-1-1709-05
Requirement
Effective Date and Applicability to Consequential Decisions
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