Colorado § 10-19-107 - Performance standards.
Full text of Colorado Colorado Revised Statutes § 10-19-107 — Performance standards., with citation guidance and answers to common questions.
§ 10-19-107. Performance standards.
(1) A long-term care insurance policy may not:
(a) Be canceled, nonrenewed, or otherwise terminated on the grounds of the age or the deterioration of the mental or physical health of the insured individual or certificate holder; or
(b) Contain a provision establishing a new waiting period in the event that existing coverage is converted to or replaced by a new or other form within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or
(c) Provide coverage for skilled nursing care only or provide significantly more coverage for skilled care in a facility than coverage for lower levels of care; or
(d) Exclude coverage for dementia diseases and related disabilities.
(2) A long-term care insurance policy shall:
(a) Offer the policyholder the opportunity to designate an individual who can be contacted in the event the policy is about to lapse. If the policyholder declines to designate someone, the carrier shall obtain a signed statement that the policyholder has been offered this opportunity and declined. The policyholder has the right to periodically update his or her authorized designee.
(b) Provide a ninety-day reinstatement period for policyholders who have allowed their policies to lapse due to nonpayment of premium, who have a cognitive impairment, and who have regularly paid the required premiums. The reinstated policy shall provide the same benefits, terms, and premiums as the lapsed policy.
Source: L. 90: Entire article R&RE, p. 646, § 1, effective July 1. L. 95: (2) added, p. 923, § 21, effective May 25. L. 2007: (1)(c) amended, p. 198, § 3, effective January 1, 2008. L. 2018: (1)(d) amended, (HB 18-1091), ch. 74, p. 645, § 11, effective August 8.
Frequently Asked Questions About Colorado § 10-19-107
What does Colorado Revised Statutes § 10-19-107 cover?
Section 10-19-107 ("Performance standards.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-19-107?
A common citation format is "Colorado Revised Statutes § 10-19-107" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-19-107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.