|Notice Filed with SOS
||10-1-109 and 10-16-109
|Description of Subjects/Issues
||4-6-2 GROUP COORDINATION OF BENEFITS
|Purpose/Objective of Rule
||The purpose of this regulation is to:
A. Permit, but not require, plans to include a coordination of benefits (COB) provision unless prohibited by federal law;
B. Establish a uniform order-of-benefit determination under which plans pay claims;
C. Provide authority for the orderly transfer of necessary information and funds between plans;
D. Reduce duplication of benefits by permitting a reduction of the benefits to be paid by plans that, pursuant to rules established by this regulation, do not have to pay their benefits first;
E. Reduce claims payment delays; and
F. Require that COB provisions be consistent with this regulation.
|Submitted in response to issues raised by COLS/OLLS?
|Is this rule adopted in response to recent legislation?
||1560 Broadway, Ste 850, Denver CO 80202