Division of Insurance gets Bad Report Card from Audit

Png Simple Failure

The Colorado Office of the State Auditor recently published their 2018 Performance Audit of the Division of Insurance regarding the regulated business of title insurance. The audit reported numerous non-compliance issues by the Division of Insurance that included a failed review process in determining whether title rates are excessive, inadequate, or unfairly discriminatory in accordance with Colorado law. This Audit, including its findings and recommendations can be viewed in its entirety at https://leg.colorado.gov/audits/title-insurance-regulation

The Division accepted the Audits recommendations and hopefully will live up to their mission statement of “Consumer Protection is Our Mission”.