Colorado § 10-16-302 Incorporation and organization - exemptions

Colorado Statutes

§ 10-16-302 — Incorporation and organization - exemptions

Colorado·Title 10 Insurance·Art. Health-care Coverage

(1)Any nonprofit corporation organized under the laws of Colorado for the purpose of establishing, maintaining, and operating a nonprofit plan whereby prepaid hospital care, medical-surgical care, and other health services are made available to persons who become subscribers to the plan under a contract with the corporation, or for the purpose of providing long-term care insurance to persons pursuant to a contract with the corporation is subject to and governed by part 1 of this article 16 and this part 3 and, except as provided in this article 16 and elsewhere in this title 10, is not subject to the laws of this state relating to insurance or insurance companies. The provisions of section 10-3-128; articles 1 and 2 of this title 10; and parts 4, 5, 7, 8, 11, 12, and 16 of articl

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(1) Any nonprofit
corporation organized under the laws of Colorado for the purpose of establishing,
maintaining, and operating a nonprofit plan whereby prepaid hospital care, medical-surgical care, and other health services are made available to persons who become
subscribers to the plan under a contract with the corporation, or for the purpose of
providing long-term care insurance to persons pursuant to a contract with the
corporation is subject to and governed by part 1 of this article 16 and this part 3 and,
except as provided in this article 16 and elsewhere in this title 10, is not subject to
the laws of this state relating to insurance or insurance companies. The provisions
of section 10-3-128; articles 1 and 2 of this title 10; and parts 4, 5, 7, 8, 11, 12, and 16
of article 3 of this title 10, to the extent applicable, govern corporations organized
pursuant to this part 3.

(2) The provisions of this part 3 shall not apply to any employer's health plan
or services established and maintained solely for its employees and their immediate
families, nor to any labor organization's health plan or services established and
maintained solely for its members and their immediate families, which plans or
services are self-insured, nor to any such health plan or services established,
maintained, and insured jointly by any employer and any labor organization.

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Legislative History

Source: L. 92: Entire article R&RE, p. 1681, � 1, effective July 1; (1) amended, p. 1597, � 118, effective July 1. L. 94: (1) amended, p. 596, � 2, effective April 7; (1) amended, p. 1648, � 90, effective May 31. L. 2001: (1) amended, p. 1050, � 33, effective July 1. L. 2013: (1) amended, (HB 13-1115), ch. 338, p. 1972, � 11, effective March 31, 2015. L. 2016: (1) amended, (SB 16-189), ch. 210, p. 757, � 16, effective June 6. L. 2019: (1) amended, (HB 19-1291), ch. 188, p. 2094, � 4, effective August 2.