§ 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.
§ 10-20-117. Immunity
There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, its agents, or its employees, the association, its agents, or its employees, members of the board or the commissioner or his representatives for any action or omission by them in the performance […]
§ 10-20-118. Stay of Proceedings – Reopening Default Judgments
All proceedings in which the impaired or insolvent insurer is a party in any court in this state shall be stayed for one hundred eighty days after the date an order of conservation, rehabilitation, or liquidation is final to permit proper legal action by the association on any matters germane to its powers or duties. […]
§ 10-20-119. Prohibited Advertisement of Association Article in Insurance Sales – Notice to Policyholders
No person, including an insurer, agent, or affiliate of an insurer, shall make, publish, disseminate, circulate, or place before the public, or cause directly or indirectly to be made, published, disseminated, circulated, or placed before the public, in any newspaper, magazine, or other publication, or in the form of a notice, circular, pamphlet, letter, or […]
§ 10-20-120. Prospective Application
This article shall not apply to any insurer which is declared insolvent before July 1, 1991. Source: L. 91: Entire article added, p. 1282, § 1, effective July 1.
§ 10-20-105. Construction
This article shall be construed to effect the purpose set forth in section 10-20-102, which shall constitute an aid and guide to interpretation. Source: L. 91: Entire article added, p. 1261, § 1, effective July 1.
§ 10-20-106. Creation of the Association
There is hereby created a private nonprofit legal entity to be known as the life and health insurance protection association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions pursuant to the plan of operation […]
§ 10-20-107. Board of Directors
The board of directors of the association shall consist of not less than five nor more than nine member insurers serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the commissioner. Vacancies on the board shall be filled for […]
§ 10-19-112. Outline of Coverage – Certificate
An outline of coverage shall be delivered to a prospective applicant for long-term care insurance at the time of initial solicitation through means which prominently direct the attention of the recipient to the document and its purpose. The commissioner shall prescribe a standard format, including style, arrangement, and overall appearance, and the content of an […]
§ 10-20-108. Powers and Duties of the Association
If a member insurer is an impaired insurer, the association may, in its discretion and subject to any conditions imposed by the association that do not impair the contractual obligations of the impaired insurer and that are approved by the commissioner: Guarantee, assume, or reinsure or cause to be guaranteed, assumed, or reinsured any or […]