Any report, circular, public announcement, certificate, or financial statement, or any other printed matter or advertising material that is designed for or used to solicit or induce persons to enter into any life care contract, and that lists or refers to the name of any individual or organization as being interested in or connected with the person, association, or corporation to perform the contract, shall clearly state the extent of financial responsibility assumed by that individual or organization for the person, association, or corporation and the fulfillment of its contracts.
Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 575, § 1, effective August 9.
Editor's note: This section is similar to former § 12-13-116 as it existed prior to 2017.
Structure Colorado Code
Title 11 - Financial Institutions
Article 49 - Life Care Institutions
§ 11-49-102. Escrow Account for Entrance Fees
§ 11-49-103. Withdrawal or Dismissal of Person - Refund
§ 11-49-104. Recording of Lien by Commissioner
§ 11-49-105. Reserve Requirements
§ 11-49-106. Annual Report by Providers - Fee
§ 11-49-107. Examination - Fees
§ 11-49-111. Life Care Contract - Content
§ 11-49-113. Advertisements and Solicitations of Life Care Contracts - Requirements