Colorado § 10-22-104 Health benefit exchange - creation

Colorado Statutes

§ 10-22-104 — Health benefit exchange - creation

Colorado·Title 10 Insurance·Art. Colorado Health Benefit Exchange

There is hereby created a
nonprofit unincorporated public entity known as the health benefit exchange. The
board of directors shall govern the operation of the exchange. The board shall
determine and establish the development, governance, and operation of the
exchange. The exchange is an instrumentality of the state; except that the debts
and liabilities of the exchange do not constitute the debts and liabilities of the
state, and neither the exchange nor the board is an agency of the state. The board
does not have the authority to promulgate rules pursuant to the State
Administrative Procedure Act, article 4 of title 24, C.R.S. The exchange shall not
duplicate or replace the duties of the commissioner established in section 10-1-108,
including rate approval, except as directed b

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There is hereby created a
nonprofit unincorporated public entity known as the health benefit exchange. The
board of directors shall govern the operation of the exchange. The board shall
determine and establish the development, governance, and operation of the
exchange. The exchange is an instrumentality of the state; except that the debts
and liabilities of the exchange do not constitute the debts and liabilities of the
state, and neither the exchange nor the board is an agency of the state. The board
does not have the authority to promulgate rules pursuant to the State
Administrative Procedure Act, article 4 of title 24, C.R.S. The exchange shall not
duplicate or replace the duties of the commissioner established in section 10-1-108,
including rate approval, except as directed by the federal act. The exchange shall
foster a competitive marketplace for insurance and shall not solicit bids or engage
in the active purchasing of insurance. All carriers authorized to conduct business in
this state may be eligible to participate in the exchange.

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