Colo. Rev. Stat. § 10-16-110

Current through 11/5/2024 election
Section 10-16-110 - Fees paid by health coverage entities
(1)
(a) There shall be paid to the division of insurance by every corporation subject to the provisions of this part 1 and part 3 of this article such fees as are prescribed pursuant to sections 10-3-207 and 24-31-104.5, C.R.S.
(b) Every nonprofit hospital and health service corporation representative subject to this part 1 and part 3 of this article shall pay to the commissioner the following fees:
(I) For each enrollment representative's initial license, ten dollars;
(II) For each enrollment representative's renewal license, six dollars.
(c) To defray the cost of administering this article, every corporation subject to the provisions of this part 1 and part 3 of this article shall pay annually to the commissioner on March 1 an amount equivalent to five cents per person exceeding ten thousand in number enrolled in the health service plans of such corporation.
(2)
(a) Every health maintenance organization subject to this part 1 and part 4 of this article shall pay to the commissioner the fees as prescribed pursuant to sections 10-3-207 and 24-31-104.5, C.R.S.
(b) Every health maintenance organization representative subject to this part 1 and part 4 of this article shall pay to the commissioner the following fees:
(I) For each enrollment representative's initial license, ten dollars;
(II) For each enrollment representative's renewal license, six dollars.
(3) Coincident with the filing of the annual report prescribed by section 10-16-111, each prepaid dental care plan organization subject to this part 1 and part 5 of this article shall pay to the state treasurer through the commissioner fees for transacting a prepaid dental care plan. The fees shall be as prescribed pursuant to sections 10-3-207 and 24-31-104.5, C.R.S.
(4) Notwithstanding the amount specified for any fee in this section, the commissioner by rule or as otherwise provided by law may reduce the amount of one or more of the fees if necessary pursuant to section 24-75-402(3), C.R.S., to reduce the uncommitted reserves of the fund to which all or any portion of one or more of the fees is credited. After the uncommitted reserves of the fund are sufficiently reduced, the commissioner by rule or as otherwise provided by law may increase the amount of one or more of the fees as provided in section 24-75-402(4), C.R.S.

C.R.S. § 10-16-110

L. 92: Entire article R&RE, p. 1655, § 1, effective July 1. L. 98: (4) added, p. 1328, § 33, effective June 1. L. 2010: (1)(a), (2)(a), and (3) amended, (HB 10-1385), ch. 204, p. 884, §8, effective May 5. L. 2012: (1)(a), (2)(a), and (3) amended, (SB 12-110), ch. 158, p. 562, § 10, effective July 1.

The provisions of this section are similar to provisions of several former sections as they existed prior to 1992.