SB18-065 - Add Health Maintenance Organizations Life And Health Insurance Protection Association

Concerning modifications to the 'Life and Health Insurance Protection Association Act'.

The bill amends the 'Life and Health Insurance Protection Association Act' as follows:

  • Adds health maintenance organizations (HMOs) as members of the association and subjects HMOs to assessments from the association;
  • Allocates responsibility for long-term care insurance assessments between health insurance and life insurance association members; and
  • Requires member insurers that write health benefit plans in Colorado to collect a fee of up to $2 per month from each certificate holder, policyholder, or contract holder for each certificate, policy, or contract the member insurer issues, to be deposited into a fund for the purpose of defraying the costs of a health insurer insolvency.
    (Note: This summary applies to this bill as introduced.)
Latest update: January 12, 2018
01/12/2018 - Introduced In Senate - Assigned to Business, Labor, & Technology