§ 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.
§ 10-19-114.5. Penalties
In addition to any other penalties provided by the laws of Colorado, any carrier or any producer who violates any requirement of Colorado law relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commissions paid […]
§ 10-19-115. Severability
If any provision of this article or the application thereof to any person or circumstance is for any reason held to be invalid, the remainder of the article and the application of such provision to other persons or circumstances shall not be affected thereby. Source: L. 90: Entire article R&RE, p. 649, § 1, effective […]
§ 10-19-105. Extraterritorial Jurisdiction – Group Long-Term Care Insurance
A group long-term care insurance coverage shall not be offered to a resident of this state under a group policy issued in another state to a group described in section 10-19-103 (4)(d), unless this state or another state having statutory and regulatory long-term care insurance requirements substantially similar to those adopted in this state has […]
§ 10-19-106. Rules on Disclosure
The commissioner may adopt rules and regulations that include standards for full and fair disclosure setting forth the manner, content, and required disclosures for the sale of long-term care insurance policies, terms of renewability, initial and subsequent conditions of eligibility, nonduplication of coverage provisions, coverage of dependents, preexisting conditions, termination of insurance, continuation or conversion, […]
§ 10-19-107. Performance Standards
A long-term care insurance policy may not: Be canceled, nonrenewed, or otherwise terminated on the grounds of the age or the deterioration of the mental or physical health of the insured individual or certificate holder; or Contain a provision establishing a new waiting period in the event that existing coverage is converted to or replaced […]
§ 10-18-101. Definitions
As used in this article, unless the context otherwise requires: “Applicant” means: In the case of an individual medicare supplement policy or subscriber contract, the person who seeks to contract for insurance benefits; or In the case of a group medicare supplement policy or subscriber contract, the proposed certificate holder. “Certificate” means any certificate issued […]
§ 10-19-108. Requirements for Preexisting Conditions
A long-term care insurance policy or certificate, other than a policy or certificate thereunder, issued to a group as defined in section 10-19-103 (4)(a), shall not use a definition of “preexisting condition” that is more restrictive than the following: “Preexisting condition” means a condition for which medical advice or treatment was recommended by or received […]