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Rule changeFinanceColoradoReported

Colorado adopts governance rules for life insurers’ algorithms and external consumer data

See how this story connects

Source: Mayer Brown: Colorado adopts artificial intelligence regulation for life insurersAlso reported by Locke Lord QuickStudy (Troutman Pepper Locke)

The Colorado Division of Insurance adopted Regulation 10-1-1 on 21 September 2023, effective 14 November 2023. Life insurers that use external consumer data, or algorithms and predictive models built on it, must keep an inventory of those models, run a risk-based governance framework to detect and fix unfair discrimination based on race, and give oversight duties to senior management and the board. Insurers had until 1 December 2024 to put the framework in place, with an interim report due 1 June 2024 and annual compliance reports from 1 December 2024.

Why it matters

Life insurers selling in Colorado must document every model fed by external consumer data and test it for race-based unfair discrimination, with board-level accountability.

When
21 Sep 2023
ID
WTA-N-2023-0140
Who
Colorado Division of Insurance
Rules involved

Summary by wheresthe.ai, from Mayer Brown and the reporting credited above. We could not open the primary document, so it is marked Reported. Checked against the source on 9 Oct 2026.

Read the original at Mayer Brown

Source copy: download the page as saved on 18 Oct 2026 (PDF). Also held by the Internet Archive.

Cite this story

WTA-N-2023-0140: “Colorado adopts governance rules for life insurers’ algorithms and external consumer data.” wheresthe.ai, 21 Sep 2023. https://wheresthe.ai/d/us-co-doi-reg-10-1-1-life-insurers-ai-2023-09/ (source: Mayer Brown: Colorado adopts artificial intelligence regulation for life insurers).

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