Colorado Statutes
§ 24-51-1304 — Life insurance for certain retired state employees
(1)Any
retiree who had life insurance coverage pursuant to the provisions of part 2 of
article 8 of title 10, C.R.S., on June 30, 1986, shall continue to have such coverage
unless the retiree refuses it. Any retiree who refuses such coverage may not
resume coverage later.
(2)The board may offer group life insurance coverage through any life
insurance company qualified to do business in Colorado or may self-fund such
coverage for eligible retirees under this section. The monthly premium shall be
deducted from the benefits of each participating retiree and the association shall
not pay any premium subsidy.
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Legislative History
Source: L. 87: Entire article R&RE, p. 1077, � 1, effective July 1. L. 95: (2)
amended, p. 266, � 14, effective July 1.
Nearby Sections
15
§ 24-1-101
Legislative declaration§ 24-1-102
Short title§ 24-1-103
Head of department defined§ 24-1-106
Agencies not enumerated - continuation§ 24-1-109
Office of the governor§ 24-1-110
Principal departments§ 24-1-111
Department of state - creation§ 24-1-112
Department of the treasury - creation§ 24-1-113
Department of law - creation§ 24-1-115
Department of education - creation§ 24-1-117
Department of revenue - creation