§ 10-22-103. Definitions
As used in this article 22, unless the context otherwise requires: “Board” means the board of directors of the exchange, appointed in accordance with section 10-22-105. “Committee” means the Colorado health insurance exchange oversight committee created in section 10-22-107. “Exchange” means the Colorado health benefit exchange created in this article. “Federal act” means the “Patient […]
§ 10-22-104. Health Benefit Exchange – Creation
There is hereby created a nonprofit unincorporated public entity known as the health benefit exchange. The board of directors shall govern the operation of the exchange. The board shall determine and establish the development, governance, and operation of the exchange. The exchange is an instrumentality of the state; except that the debts and liabilities of […]
§ 10-22-105. Exchange Board of Directors
There is hereby created the board of directors of the exchange. The board consists of twelve members, of whom nine are voting members and three are nonvoting, ex officio members. On or before July 1, 2011, the governor shall appoint five voting members to the board, and the president of the senate, the minority leader […]
§ 10-22-106. Powers and Duties of the Board
The board is the governing body of the exchange and has all the powers and duties necessary to implement this article. The board shall: Appoint an executive director to administer the exchange, subject to approval by the committee; Create an initial operational and financial plan, subject to approval by the committee; Apply for planning and […]
§ 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 […]