§ 11-49-107 — Examination - fees

The commissioner may conduct an
examination of the affairs of a provider or CBCC provider as often as the
commissioner deems necessary for the protection of the interests of the people of
this state. Providers and CBCC providers shall maintain copies of their books and
records in Colorado to provide access for the purposes of this article 49. The
commissioner shall assess each provider at least semiannually, to cover the annual
direct and indirect costs of examinations, supervision, and administration
conducted pursuant to this section. The assessments must be calculated in terms
of cents per thousand dollars of total escrowed entrance fees and reserves
maintained. The assessment calculation, or ratio of the assessment charged to total
escrowed entrance fees and reserves maintained, must be alike in all cases. On or
before the dates specified by the commissioner, each provider and CBCC provider
shall pay its assessment. If deemed necessary, the commissioner may estimate a
per diem rate to be charged for examinations and charge a provider or CBCC
provider for the actual cost of any examination documented by the commissioner.

Legislative History

Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 573, � 1, effective August 9. L. 2025: Entire section amended, (HB 25-1184), ch. 210, p. 948, � 5, effective August 6.