The Colorado Department of Regulatory Agencies released a Bulletin addressing their adoption of a new regulation 3-1-18, and the revision of Bulletin B-4.31.
Regulation 3-1-18 requires that insurers participate in and complete the National Association of Insurance Commissioners (NAIC) Insurer Climate Risk Disclosure Survey, and applies to all insurers with authority to transact business in the state that report more than 100 million dollars on their annual NAIC Schedule T Filings. The regulation will become effective on December 30, 2023.
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