When must an insurer respond to an examination request form from the division of insurance that they received on June 2?

An insurer must respond to an examination request form from the Division of Insurance within a specific timeframe mandated by Colorado regulations. Typically, insurers are required to reply within ten business days of receiving such a request. If the request was received on June 2, the ten business days would include weekdays and would exclude weekends and any public holidays.

Starting from June 2, counting ten business days would lead you through June 3, 4, 5, 6, 7, 8, 9, 10, 11, and culminating on June 12. Thus, the end of this ten-business-day period is June 12, making this the correct response date for the insurer's reply to the examination request. This timeline ensures adequate response time for the insurer while also adhering to regulatory expectations that provide systematic operations and accountability within the insurance sector.