Colorado Life and Health Insurance Protection Association Act

What this document is

Colorado Life and Health Insurance Protection Association Act - C.R.S. Title 10, Article 20 (10-20-101 to 10-20-120) is a state statute published by leg.colorado.gov. It is one of the Colorado documents that insurance license exam questions are written from, including colorado life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• C.R.S. tit. 10 art. 20 § 10-20-104 (2)(b) (Exclusions from coverage)

  “(b) Except as otherwise provided in subsection (2)(c) of this section, this article 20 does not provide coverage for: (I) Any portion of a policy or contract not guaranteed by the member insurer, or under which the risk is borne by the policy or contract owner; (II) Any policy or contract of...”

• C.R.S. tit. 10 art. 20 § 10-20-104 (1)(a) (Coverage and limitations - persons covered)

  “This article 20 provides coverage for the policies and contracts specified in subsection (2) of this section and to persons: (a) Who are owners of, certificate holders under, or enrollees in such policies or contracts, other than structured settlement annuities, and who: (I) Are residents; or (II)...”

• C.R.S. tit. 10 art. 20 § 10-20-119 (1) (Prohibited advertisement of association article in insurance sales)

  “A person, including a member insurer and any agent or affiliate of a member insurer, shall not make, publish, disseminate, circulate, or place before the public, or cause directly or indirectly to be made, published, disseminated, circulated, or placed before the public, in any newspaper, magazine,...”

• C.R.S. tit. 10 art. 20 § 10-20-108 (2)(c)(IV)(A)-(B) (Substitute coverage - actuarially justified rate; no evidence of insurability)

  “(A) In providing the substitute coverage required under subsection (2)(c)(III) of this section, the association may offer either to reissue the terminated coverage or to issue an alternative policy or contract at actuarially justified rates approved by the commissioner. (B) The association shall...”

• C.R.S. tit. 10 art. 20 § 10-20-119 (2) (Summary document - delivery to owners, certificate holders, and enrollees)

  “The association shall prepare a summary document, in compliance with subsection (3) of this section, describing the general purposes and current limitations of this article 20. The association shall submit the summary document to the commissioner for approval. Sixty days after receiving approval...”

• C.R.S. tit. 10 art. 20 § 10-20-104 (3.5) (Coverage and limitations: long-term care rider benefits)

  “(3.5) For purposes of this article 20, benefits provided by a long-term care rider to a life insurance policy or annuity are considered the same type of benefits as the benefits provided by the underlying life insurance policy or annuity contract to which the rider relates.”

• C.R.S. tit. 10 art. 20 § 10-20-108 (5) (Powers and duties of the association: nonpayment of premiums)

  “(5) Nonpayment of premiums within thirty-one days after the date required under the terms of any guaranteed, assumed, alternative, or reissued policy or contract or substitute coverage terminates the obligations of the association under the policy, contract, or coverage under this article 20 with...”

• C.R.S. tit. 10 art. 20 § 10-20-104 (3)(b)(I)(A) (Coverage and limitations: benefit limits with respect to any one life)

  “(b) (I) With respect to any one life, regardless of the number of policies or contracts with that member insurer: (A) Three hundred thousand dollars in net life insurance death benefits, and no more than one hundred thousand dollars in net cash surrender and net cash withdrawal values for life insurance;”

Practice this material

Questions about this source

More Colorado sources

• C.R.S. s. 10-3-1104: Unfair methods of competition and deceptive practicesState statute
• Colorado Individual Sickness and Accident Insurance Policy Provisions - C.R.S. Title 10, Article 16, Part 2 (10-16-201 to 213 and 216 to 222)State statute
• Colorado Insurance Code General Provisions Applicable to All Insurers - C.R.S. Title 10, Article 1, Parts 1-3State statute
• Colorado Group and Blanket Health Insurance - C.R.S. 10-16-214, 10-16-215 and Article 16 Part 1 group provisions (10-16-105, 105.1, 105.2, 106, 108)State statute
• Colorado Group Life Insurance - C.R.S. Title 10, Article 7, Part 2 (10-7-201 to 10-7-207)State statute
• Colorado Life Insurance and Annuity Contracts, Standard Nonforfeiture and Valuation - C.R.S. Title 10, Article 7, Parts 1, 3, 4, 5, 7 and 8State statute
• Colorado Medicare Supplement Insurance and Long-term Care Insurance Minimum Standards - C.R.S. Title 10, Article 18 and Article 19State statute
• Colorado Property and Casualty Insurance - C.R.S. Title 10, Article 4, Parts 1 to 6 (10-4-101 through 10-4-643): general, fire and inland marine rating, surety bonds, rate regulation, the Colorado Insurance Guaranty Association Act, and automobile insurance policy regulationState statute