Colorado § 25-1.5-117 - Hospitals - standardized health benefit plan - participation - penalties.
Full text of Colorado Colorado Revised Statutes § 25-1.5-117 — Hospitals - standardized health benefit plan - participation - penalties., with citation guidance and answers to common questions.
§ 25-1.5-117. Hospitals - standardized health benefit plan - participation - penalties.
(1) The commissioner of insurance may require a hospital licensed pursuant to section 25-1.5-103, after a hearing pursuant to section 10-16-1306 (3) concerning the premium rate requirements and network adequacy, to participate in a standardized health benefit plan described in section 10-16-1304.
(2) (a) If the department receives notice from the commissioner of insurance that a hospital refuses to participate in the standardized plan if required by subsection (1) of this section, the department shall issue a warning to the hospital. If the hospital refuses to participate in the standardized plan after receipt of the warning, the department:
(I) Shall fine the hospital up to ten thousand dollars per day for the first thirty days that the hospital refuses to participate and up to forty thousand dollars per day for each day over thirty days that the hospital refuses to participate; and
(II) May suspend or impose conditions on the hospital's license.
(b) In determining the appropriate fine or action concerning the hospital's license pursuant to subsection (2)(a) of this section, the department shall consider any recommendations of the commissioner of insurance, the hospital's financial circumstances, and other circumstances deemed relevant by the department.
Source: L. 2021: Entire section added, (HB 21-1232), ch. 241, p. 1294, § 6, effective June 16.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 25-1.5-117
What does Colorado Revised Statutes § 25-1.5-117 cover?
Section 25-1.5-117 ("Hospitals - standardized health benefit plan - participation - penalties.") 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 § 25-1.5-117?
A common citation format is "Colorado Revised Statutes § 25-1.5-117" (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 § 25-1.5-117 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.