The Colorado Commissioner of Insurance is charged with monitoring the financial condition of insurance companies doing business in Colorado to assure each has sufficient assets to pay claims and fulfill responsibilities to Colorado policyholders. This type of regulation is called "financial" or "solvency" regulation. An insurer that does not have sufficient assets to meet its obligations is considered "insolvent."
State law specifies which factors an insurance company can review in order to adjust health care premiums each year. These "rating factors" vary in each of Colorado's three insurance markets large group, small group and individual. Companies adjust premiums according to the way the factors affect a particular employer or individual.
The report summarizes statistical information relating to the insurance examinations administered from January 1 through December 31, 2010, by Pearson VUE. The Colorado Insurance examinations administered during 2010 were analyzed for pass/fail rate and average scaled score. The sample included 14,755 administrations across 11 test levels.
