Colorado § 10-16-321 Medicare supplement benefit standards

Colorado Statutes

§ 10-16-321 — Medicare supplement benefit standards

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

The provisions of
article 18 of this title shall apply to corporations organized pursuant to the
provisions of this part 3. On and after July 1, 1983, no corporation subject to the
provisions of part 1 of this article and this part 3 shall deliver or issue for delivery in
this state any subscription certificate or membership certificate intended as a
medicare supplement policy, as defined in section 10-18-101, or any endorsement,
rider, or application which becomes a part thereof, until a copy of the form and of
the premium rates or dues pertaining thereto have been filed with the
commissioner, nor shall any such certificate endorsement, rider, or application be
used until the expiration of thirty days after the filing thereof, unless the
commissioner sooner gives written approva

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The provisions of
article 18 of this title shall apply to corporations organized pursuant to the
provisions of this part 3. On and after July 1, 1983, no corporation subject to the
provisions of part 1 of this article and this part 3 shall deliver or issue for delivery in
this state any subscription certificate or membership certificate intended as a
medicare supplement policy, as defined in section 10-18-101, or any endorsement,
rider, or application which becomes a part thereof, until a copy of the form and of
the premium rates or dues pertaining thereto have been filed with the
commissioner, nor shall any such certificate endorsement, rider, or application be
used until the expiration of thirty days after the filing thereof, unless the
commissioner sooner gives written approval thereto and of the premium rates or
dues pertaining thereto. Within thirty days of such filing the commissioner shall
notify the corporation which has filed any such form in writing if the documents do
not comply with the requirements of law or if the rates do not meet the loss ratio
standards set forth in section 10-18-105, and shall specify the reasons for such
opinion. In all other cases, the commissioner shall give approval. Final orders and
decisions of the commissioner relating to medicare supplement policies and rates
filed under this section are subject to judicial review as provided in section 24-4-106, C.R.S. All medicare supplement policies, subscription certificates, and benefit
forms and the premium rates or dues pertaining thereto which were approved by
the commissioner prior to July 1, 1983, shall remain approved under the provisions
of this article.