§ 10-22-107. Colorado Health Insurance Exchange Oversight Committee – Creation – Duties
For the purposes of guiding implementation of an exchange in Colorado, making recommendations to the general assembly, and ensuring that the interests of Coloradans are protected and furthered, there is hereby created the Colorado health insurance exchange oversight committee. The committee shall meet at the call of the chair at least two times during each […]
§ 10-20-112. Prevention of Insolvencies
To aid in the detection and prevention of insurer insolvencies, it shall be the duty of the commissioner: To notify the commissioners of all the other states, territories of the United States, and the District of Columbia when action is taken in any of the following matters against a member insurer: Revocation of license; Suspension […]
§ 10-22-108. Moneys for Implementation, Operation, and Sustainability of the Exchange
Moneys received by the board for the implementation of this article, and for building reserves for the operation and sustainability of the exchange pursuant to section 10-22-109, must be transferred directly to the exchange for the purposes of this article. The board shall deposit any moneys received in a banking institution within or outside the […]
§ 10-20-113. Credits for Assessments Paid – Tax Offsets
A member insurer may offset against its premium tax liability to this state that amount of its class B assessment described in section 10-20-109 that was assessed for the association’s life and annuity accounts pursuant to section 10-20-106 to the extent of twenty percent of the amount of such assessment for each of the first, […]
§ 10-22-109. Funding for the Operation of the Exchange and Reserves – Special Fees – Rules
On and after January 1, 2014, among other funding sources derived through the operation of the exchange, funding for the exchange may be from the following sources: Special fees assessed against insurers as provided in subsection (2) of this section; and Any moneys accepted through gifts, grants, or donations received by the board for operation, […]
§ 10-20-114. Miscellaneous Provisions
Nothing in this article reduces the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability. The association must keep records of all meetings of the board of directors to discuss the activities of the association in carrying out its powers and duties pursuant to […]
§ 10-22-110. Tax Credit for Contributions to the Exchange – Allocation Notice – Rules
For the tax year 2013 and each tax year thereafter, a credit against the tax imposed by sections 10-3-209 and 10-6-128 is allowed to any insurance company that becomes a qualified taxpayer by making a contribution to the exchange pursuant to this section. A qualified taxpayer claiming a credit against premium tax liability under this […]
§ 10-20-115. Examination of the Association – Annual Report
The association shall be subject to examination and regulation by the commissioner. The board shall submit to the commissioner each year, not later than one hundred twenty days after the close of the fiscal year of the association, a financial report in a form approved by the commissioner, and a report of the activities of […]
§ 10-22-111. Tax Exemption
The exchange is exempt from any tax levied by this state or any of its political subdivisions. Source: L. 2013: Entire section added, (HB 13-1245), ch. 258, p. 1364, § 5, effective May 23.
§ 10-20-116. Tax Exemptions
The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on real and personal property. Source: L. 91: Entire article added, p. 1280, § 1, effective July 1.