Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB17-198

Public Participate Review Acquire Control Insurer

Concerning public participation in the review by the commissioner of insurance of the acquisition of control of an insurer that offers health plans, and, in connection therewith, making an appropriation.
Session:
2017 Regular Session
Subject:

Current law requires an opportunity for public notice and a hearing for proposed transactions that would result in the acquisition of control of a domestic insurer, which is one that is incorporated or formed pursuant to Colorado law. Section 1 of the bill expands the public notice for acquisition of a domestic insurer that offers health plans by requiring the commissioner of insurance to make the entire preacquisition notification available for public inspection promptly after filing. Section 2 requires the commissioner to subject proposed transactions that would result in the acquisition of control of a foreign insurer that offers health plans to public participation requirements that are analogous to those that would be required for domestic insurers that offer health plans.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text