JD Supra

Colorado Insurance Division Adopts ‎Proposed Algorithm and Predictive Model Governance ‎‎Regulation

On September 21, 2023, the Colorado Insurance Division adopted Regulation 10-1-1 entitled “Governance and Risk Management Framework Requirements for Life Insurers’ Use of External Consumer Data and ...
JD Supra

Colorado Division of Insurance’s first installment of regulations prohibiting the use of external consumer data and algorithms and what’s to come

On February 1, 2023, the Colorado Division of Insurance (CDI) released a draft of the first of several regulations to implement S.B. 21-169, Colorado’s 2021 law prohibiting insurers from using ...