Colorado Division of Insurance Takes Next Steps to Expand AI-Related Governance and Risk Management Obligations for Insurers
By EsqSocial Corporation 07/05/25
The complex and evolving AI regulatory landscape for insurers is again on the move. The Colorado Division of Insurance (the Division) has commenced the formal rulemaking process to amend and expand the reach of current Regulation 10-1-1 (effective November 14, 2023), which established governance and risk management requirements for life insurers that write individual life insurance in Colorado and use external consumer data and information sources (ECDIS), including algorithms and predictive...
By: Faegre Drinker Biddle & Reath LLP