(1) The board shall have the following powers and duties:
To establish model cost containment and risk management programs for selectedclassifications in the upper ten percent of the insurance rate schedule under the Colorado workers' compensation insurance program;
To adopt standards for the approval of particular cost containment and risk management programs submitted by community, technical, or local district colleges or by employers in those selected high risk classifications;
To receive, evaluate, and certify cost containment and risk management programsimplemented by community, technical, or local district colleges or by employers in those selected high risk classifications for a period of at least one year;
To promote cost containment and risk management training by community,
technical, or local district colleges, employers, groups of employers, or trade associations;
To review annually the classifications in the upper ten percent of the insurance rateschedule under the Colorado workers' compensation insurance program for inclusion in the cost containment program;
To set the qualifications for technical personnel to assist community, technical, andlocal district colleges and employers in establishing risk management and cost containment programs;
To disseminate information regarding the types of workers' compensation insurancepolicies available;
To adopt such rules and regulations as may be necessary to carry out the purposes ofthis article.
Source: L. 89: Entire article added, p. 377, § 1, effective July 1. L. 90: (1)(a), (1)(e), and (1)(g) amended, p. 557, § 8, effective July 1. L. 91: Entire section amended, p. 1353, § 1, effective April 20.