A corporation shall not retroactively terminate a policy issued pursuant to this part 3 except for fraud or intentional misrepresentation. For any termination other than for fraud or intentional misrepresentation, the corporation shall provide notice thirty days in advance of the cancellation of the policy.
Source: L. 2013: Entire section added, (HB 13-1266), ch. 217, p. 980, § 32, effective May 13.
Structure Colorado Code
Article 16 - Health-Care Coverage
Part 3 - Nonprofit Hospital, Medical-Surgical, and Health Service Corporations
§ 10-16-301. Legislative Declaration
§ 10-16-302. Incorporation and Organization - Exemptions
§ 10-16-303. Filing of Articles of Incorporation
§ 10-16-304. Contents of Articles
§ 10-16-306. Contracts - Benefits for Long-Term Care Insurance
§ 10-16-307. Authority to Do Business
§ 10-16-308. Automatic Extension of Certificate
§ 10-16-309. Requirements for Certificate of Authority
§ 10-16-310. Surplus - Guarantee Fund Deposit - Regulations
§ 10-16-312. Contracts With Other Organizations
§ 10-16-314. Payment for Examinations of Corporations
§ 10-16-315. Revocation of Certificate - Appeal
§ 10-16-317. Exemption of Direct Payment Methods
§ 10-16-317.5. Assignment of Benefits
§ 10-16-318. Prospective Reimbursement
§ 10-16-320. Investment of Funds
§ 10-16-321. Medicare Supplement Benefit Standards
§ 10-16-322. Filing of Health Policies
§ 10-16-324. Conversion of Corporation to a Stock Insurance Company