Code of Colorado Regulations
1100 - Department of Labor and Employment
1107 - Division of Family and Medical Leave Insurance
7 CCR 1107-5 - REGULATIONS CONCERNING PRIVATE PLANS
Section 7 CCR 1107-5.14 - Voluntary Termination of an Approved Private Plan by an Employer

Universal Citation: 7 CO Code Regs 1107-5 ยง 14

Current through Register Vol. 47, No. 17, September 10, 2024

1. An employer may terminate its approved private plan by notifying the Division in writing at least thirty (30) days before the voluntary termination's effective date.

2. The employer must notify employees of the voluntary termination no later than thirty (30) days before the termination's effective date.

3. An employer must continue the approved private plan's coverage through the termination's effective date. If an employer does not continue the approved private plan's coverage through the termination's effective date, the Division shall assess against the employer a fine, per employee per day the employee was not covered through the termination's effective date. The fine amount will be the lesser of (a) the daily total premium amount per employee, calculated by using the total annual premium amount paid by the employer and employee, divided by 365 or (b) $500.00.

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