CO | The Colorado Division of Insurance has issued Regulation 5-1-20-Rate Capping and Transition Plan Practices for Property and Casualty Insurance.
The purpose of this regulation is to address the filings of property and casualty insurers instituting any practice involving rate change limitations (caps, ceilings and/or floors) to new and/or existing policyholders in order to facilitate the transition to rate parity between policyholders of the same class and hazard and avoid unfairly discriminatory rating.