With AI adoption expanding, organizations must prioritize responsible use. Colorado's SB21-169, the Artificial Intelligence Act, offers crucial guidelines for managing AI risks, ensuring ethical, transparent, and fair development and deployment.
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Colorado Senate Bill 21-169, enacted in 2021, seeks to prevent unfair discrimination in insurance practices that are using customer data or algorithms. Since being enacted, the Division on Insurance has been developing rules for specific insurance practices and specific types of insurance. The law prohibits unfair discrimination resulting from the use of algorithms and predictive models and external consumer information and data sources and would require insurers to establish a risk management framework to identify and mitigate unfair discrimination.
Benefits of Using SuperAlign for Colorado SB21-169 Compliance
SuperAlign provides a comprehensive suite of tools designed to simplify and streamline compliance with Colorado SB21-169, ensuring that your AI systems adhere to the state’s regulatory requirements efficiently and effectively. Our platform integrates key compliance features into every stage of AI development, making it easier for businesses to manage compliance obligations and mitigate risks associated with AI and machine learning models.
Efficiency: Automated compliance checks and policy as code streamline the compliance process, saving time and reducing manual efforts.
Accuracy: Consistent and thorough compliance evaluations minimize the risk of errors and ensure regulatory adherence.
Scalability: Manage compliance across multiple AI models with ease, regardless of the scale of your operations.
Transparency: Advanced bias detection tools help build fair and transparent AI systems.
Flexibility: Customizable solutions that fit your unique compliance needs.
Continuous Compliance: Regular updates and audit capabilities ensure ongoing adherence to evolving regulations.
