A cooperative shall not perform any activity included in the definition of transacting insurance business in this state, as provided in section 10-3-903, except as otherwise authorized in the powers, duties, and responsibilities of cooperatives as set forth in section 10-16-1009. A cooperative shall not establish or engage in the activities of a health maintenance organization.
Source: L. 2004: Entire part added, p. 999, § 14, effective August 4. L. 2013: Entire section amended, (HB 13-1266), ch. 217, p. 990, § 53, effective May 13.
Structure Colorado Code
Article 16 - Health-Care Coverage
Part 10 - Health-Care Coverage Cooperatives
§ 10-16-1001. Legislative Declaration
§ 10-16-1003. Privacy of Health Information
§ 10-16-1004. Health-Care Coverage Cooperatives - Establishment - Fees
§ 10-16-1006. Authority to Deny Application For, Revoke, or Suspend Certificate of Authority
§ 10-16-1007. Prohibition on Cooperatives Transacting Insurance Business
§ 10-16-1008. Administrative Structure of Cooperatives - Board of Directors - Officers - Employees
§ 10-16-1009. Powers, Duties, and Responsibilities of Cooperatives
§ 10-16-1010. Marketing Requirements of Cooperatives
§ 10-16-1014. Technical Assistance to Authorized Cooperatives From Division of Insurance
§ 10-16-1015. Health-Care Cooperatives - Rule-Making Authority