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.)