Colorado Statutes
§ 10-16-309 — Requirements for certificate of authority
(1)The commissioner
shall not issue or renew a certificate of authority to any corporation operating or
proposing to operate a nonprofit hospital, medical-surgical, and other health
services plan, unless:
(a)The subscription or membership certificates which the corporation offers
to its subscribers or members, together with a schedule of the dues and fees to be
paid by subscribers or members, have been filed with the commissioner in
accordance with the provisions of section 10-16-107;
(b)The schedule of the dues and fees to be paid by subscribers or members
is such as will enable such corporation to meet the expenses of the hospital,
medical-surgical, and other health services which are made available to its
subscribers or members without impairing the guarantee fund required
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Legislative History
Source: L. 92: Entire article R&RE, p. 1685, � 1, effective July 1.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states