Colorado Division of Insurance Regulations, CONSUMER PROTECTION (GENERAL) (the whole series)

What this document is

3 CCR 702-6 - Colorado Division of Insurance Regulations, CONSUMER PROTECTION (GENERAL) (the whole series) is a regulation published by Colorado Secretary of State, Code of Colorado Regulations (sos.state.co.us/CCR). It is one of the Colorado documents that insurance license exam questions are written from, including colorado property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 3 CCR 702-6, Section 23 (Protection of Fair Credit Reporting Act)

  “Nothing in this regulation shall be construed to modify, limit or supersede the operation of the federal Fair Credit Reporting Act (15 U.S.C. 1681 et seq.), and no inference shall be drawn on the basis of the provisions of this regulation regarding whether information is transaction or experience...”

• 3 CCR 702-6, Section 2.D (Authority: Gramm-Leach-Bliley Act, Section 507)

  “Section 507 provides, among other things, that a state regulation may afford persons greater privacy protections than those provided by subtitle A of Title V of the Gramm-Leach-Bliley Act. This regulation requires that the safeguards established pursuant to this regulation shall apply to nonpublic...”

• 3 CCR 702-6, Section 4.B (Fraud and arson reporting: definition of concealment)

  ““Concealment” means the knowing concealment of a material fact by impeding the discovery of the material fact, by misrepresentation or by willful omission.”

• 3 CCR 702-6, Appendix A (Sample Clauses: note on Fair Credit Reporting Act obligations)

  “Note that disclosure of certain information, such as assets, income and information from a consumer reporting agency, may give rise to obligations under the federal Fair Credit Reporting Act, such as a requirement to permit a consumer to opt out of disclosures to affiliates or designation as a...”

Practice this material

Questions about this source

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