Colorado § 10-11-201 - Title insurance advisory group - meetings - response by commissioner - subject to review - repeal.

§ 10-11-201. Title insurance advisory group - meetings - response by commissioner - subject to review - repeal.

(1) Twice each year, the commissioner shall hold a meeting of representatives of the title insurance industry, who are referred to in this section as the "title insurance advisory group" or "advisory group". The advisory group is an advisory body to the commissioner concerning the promotion of fair competition, consumer protection, and regulatory compliance in matters of title insurance. Nothing in this section divests the commissioner of the commissioner's authority to regulate the business of insurance.

(2) Meetings of the advisory group must be open to the public, and any member of the public may participate in a meeting.

(3) Members of the title insurance advisory group are not employees of the division and shall not receive compensation for service on the advisory group.

(4) The commissioner shall hold the first meeting of the title insurance advisory group on or before January 31 each year, and the commissioner shall hold the second meeting of the advisory group on or after June 1, but before August 1, each year unless an alternate time is proposed and accepted by the commissioner.

(5) The commissioner or the commissioner's designee shall attend each of the two regular meetings described in subsection (4) of this section. Advisory group members may conduct additional meetings as the commissioner deems appropriate.

(6) The commissioner shall respond in writing to formal written proposals or recommendations presented to the commissioner by the title insurance advisory group at a meeting.

(7) This section is repealed, effective September 1, 2029. Before the repeal, the advisory group is scheduled for review in accordance with section 2-3-1203.

Source: L. 2015: Entire part added, (SB 15-210), ch. 292, p. 1191, § 2, effective August 5. L. 2022: (2)(c)(I) amended, (SB 22-013), ch. 2, p. 7, § 6, effective February 25. L. 2025: Entire section amended, (SB 25-277), ch. 244, p. 1232, § 1, effective August 6.