| Notice Filed with SOS |
08/30/2013 |
| Rule |
ProposedRuleAttach2013-00941.DOC |
| Statutory Authority |
10-1-109, 10-8-520, and 10-8-530(1.5) |
| Description of Subjects/Issues |
4-2-22 INSURER ASSESSMENTS FOR COVERCOLORADO |
| Purpose/Objective of Rule |
CoverColorado was created by legislation in 1990 to provide access to health insurance for those Colorado residents who are termed “high risk” because they are unable to obtain health insurance or unable to obtain health insurance except at prohibitive rates or with restrictive exclusions. In order to keep up with the rising medical care costs for eligible individuals, § 10-8-530(1.5), C.R.S. was enacted to permit CoverColorado to assess special fees against certain insurers in Colorado, as necessary, to pay projected administrative expenses and losses of the program. Such special fees will be used to supplement premiums and other sources of funding, as set forth in § 10-8-530(1), C.R.S., received by the program.
The purpose of this regulation is to establish the procedures for the assessment of special fees for the CoverColorado program. |
| Comments |
Keenan Lorenz |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
10/01/2013 |
| Hearing Time |
01:00 PM |
| Hearing Location |
1560 Broadway, Ste 850, Denver CO 80202 |
| Contact Name |
Christine Gonzales-Ferrer |
| Contact Title |
Rulemaking Coordinator |
| Contact Telephone |
303-894-2157 |
| Contact email |
christine.gonzales-ferrer@yahoo.com |