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I read that companies must submit their rates for review by the Division of Insurance, but what does that mean?

April 26, 2017companies division Insurance mean rates read review submit

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I read that companies must submit their rates for review by the Division of Insurance, but what does that mean?

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All health rate filings must be submitted electronically to the Division of Insurance. The rate filing will include a Colorado HR1 form and actuarial memorandum.