§ 10-1-109 — Rules of commissioner

Colorado § 10-1-109

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: General Provisions

Text

(1) The commissioner may establish, and
from time to time amend, such reasonable rules as are necessary to enable the
commissioner to carry out the commissioner's duties under the laws of the state of
Colorado.

(2) The commissioner shall adopt rules to ensure that payments to the
subsequent injury fund created in section 8-46-101, C.R.S., the workers'
compensation cash fund, created in section 8-44-112 (7), C.R.S., the cost
containment fund created in section 8-14.5-108, C.R.S., and the major medical
insurance fund created in section 8-46-202, C.R.S., from surcharges on premiums
paid for policies of workers' compensation insurance that feature deductibles in
excess of the limit set forth in section 8-44-111 (1), C.R.S., reflect the value of any
reduction in premium achieved through the use of such deductibles. Such rules
shall apply only to claims made on policies issued or renewed after the effective
date of the rules. In adopting such rules, the commissioner shall determine the most
effective method of establishing the value of deductibles in excess of such limits
and ensuring that payments reflect such value.

Legislative History

Source: L. 2003: Entire article RC&RE, p. 595, � 1, effective July 1.