Colorado Statutes

§ 31-31-903 — Group life insurance plans

Colorado·Title 31 Government·Art. Fire - Police - New Hire Pension Plans
(1)(a) The board may enter into contracts with carriers to provide group life insurance coverage to active members of paid pension plans administered by the association and, if they are receiving a benefit from another plan administered by the association, to the following individuals:
(I)A retired member;
(II)A retired volunteer firefighter;
(III)A surviving spouse;
(IV)A dependent child; and
(V)An individual who is receiving a benefit from the fire and police members' deferred compensation fund created by section 31-31-901.
(b)For purposes of this section, carrier means a private insurance company holding a valid outstanding certificate of authority from the division of insurance.
(2)The administration and management of the group life insurance plan shall be the exc

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Legislative History

Source: L. 96: Entire article added with relocations, p. 938, � 1, effective May 23.

Nearby Sections

15
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