A cooperative shall not perform any activity included in the definition of transacting insurance business in this state, as provided in section 10-3-903, except as otherwise authorized in the powers, duties, and responsibilities of cooperatives as set forth in section 10-16-1009. A cooperative shall not establish or engage in the activities of a health maintenance organization.
Source: L. 2004: Entire part added, p. 999, § 14, effective August 4. L. 2013: Entire section amended, (HB 13-1266), ch. 217, p. 990, § 53, effective May 13.