Colorado § 8-45-122 Annual report

Colorado Statutes

§ 8-45-122 — Annual report

Colorado·Title 08 Labor and·Art. Pinnacol Assurance

(1)The chief executive officer of Pinnacol Assurance shall submit an annual report to the governor; the business affairs and labor committee of the house of representatives; the business, labor, and technology committee of the senate; and the health and human services committees of the house of representatives and the senate, or their successor committees, reporting on the business operations, resources, and liabilities of the Pinnacol Assurance fund.

(2)The report required in subsection (1) of this section shall include the following information for the previous calendar year:

(a)The number of policies held by Pinnacol Assurance;

(b)The total assets of Pinnacol Assurance;

(c)The amount of reserves;

(d)The amount of surplus;

(e)The number of claims filed;

(f)The numbe

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(1) The chief executive officer of Pinnacol
Assurance shall submit an annual report to the governor; the business affairs and
labor committee of the house of representatives; the business, labor, and
technology committee of the senate; and the health and human services
committees of the house of representatives and the senate, or their successor
committees, reporting on the business operations, resources, and liabilities of the
Pinnacol Assurance fund.

(2) The report required in subsection (1) of this section shall include the
following information for the previous calendar year:

(a) The number of policies held by Pinnacol Assurance;

(b) The total assets of Pinnacol Assurance;

(c) The amount of reserves;

(d) The amount of surplus;

(e) The number of claims filed;

(f) The number of claims admitted or contested within the twenty-day period
pursuant to section 8-43-203, specifying the number of contested claims that are
medical only and those that are indemnity claims;

(g) The number of medical procedures denied;

(h) The amount of total compensation each executive officer or staff
member receives, including bonuses or deferred compensation;

(i) The amount spent on commissions;

(j) The amount paid to trade associations for marketing fees;

(k) All information relating to bonus programs; and

(l) Any other information the chief executive officer deems relevant to the
report.

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Legislative History

Source: L. 90: Entire article R&RE, p. 542, � 1, effective July 1. L. 97: Entire section repealed, p. 1475, � 14, effective June 3. L. 2010: Entire section RC&RE, (SB 10-013), ch. 303, p. 1434, � 2, effective July 1.