Colorado Revised Statutes Title 10. Insurance § 10-3-244. Climate risk disclosure--insurer participation--rules--reporting--definition

(1) The commissioner shall adopt rules requiring that, beginning in 2024, an insurer issued a certificate of authority to transact business pursuant to part 1 of this article 3 that reports more than one hundred million dollars on its annual NAIC schedule T filing, or such other threshold dollar amount that the NAIC establishes in subsequent years, must participate in and complete the NAIC's annual “Insurer Climate Risk Disclosure Survey”, or such other survey or reporting mechanism that the NAIC adopts in subsequent years. If an insurer reports less than one hundred million dollars on its annual NAIC schedule T filing, or such other threshold dollar amount that the NAIC establishes in subsequent years, the insurer may participate in and complete the survey voluntarily.

(2) As used in this section, “NAIC” means the National Association of Insurance Commissioners, an organization of insurance regulators from the fifty states of the United States, the District of Columbia, and the five United States territories.