§ 10-22-102. Legislative Declaration – Intent
The general assembly determines and declares that with the March 23, 2010, enactment of the federal “Patient Protection and Affordable Care Act”, Pub.L. 111-148, and the March 30, 2010, enactment of the “Health Care and Education Reconciliation Act of 2010”, Pub.L. 111-152, which allow each state to establish a health benefit exchange through state law […]
§ 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 […]
§ 10-19-113.4. Nonforfeiture Benefits – Rules
Except as provided in subsection (2) of this section, a long-term care insurance policy may not be delivered or issued for delivery in this state unless the policyholder or certificate holder has been offered the option of purchasing a policy or certificate including a nonforfeiture benefit. The offer of a nonforfeiture benefit may be in […]
§ 10-20-111. Powers and Duties of the Commissioner
In addition to any other powers and duties specified in this article, the commissioner shall: Upon request of the board, provide the association with a statement of the premiums in this and any other appropriate states for each member insurer; Notify the board of the existence of an impaired or insolvent insurer not later than […]
§ 10-19-113.6. Producer Training Requirements
An individual may not sell, solicit, or negotiate long-term care insurance unless the individual is licensed as an insurance producer for accident and health or sickness or life insurance and has completed a one-time training course and ongoing training every twenty-four months. The training must meet the requirements set forth in subsection (2) of this […]
§ 10-19-113.7. Rules
The commissioner shall adopt rules to promote premium adequacy, to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, producer education, producer compensation, producer examination, penalties, and reporting practices for long-term care insurance. In addition, the commissioner may issue regulations to establish minimum standards concerning suitability. […]
§ 10-19-114. Compliance
No policy may be advertised, marketed, or offered as long-term care or nursing home insurance unless it complies with the provisions of this article. Source: L. 90: Entire article R&RE, p. 649, § 1, effective July 1.