3 Colo. Code Regs. § 712-1.13

Current through Register Vol. 47, No. 22, November 25, 2024

Section 3 CCR 712-1.13 - FINANCIAL RESPONSIBILITY STANDARDS

This Rule is promulgated pursuant to sections 12-20-204, 12-290-106(1)(a), and 12-290-104(2), C.R.S.

A. Pursuant to the requirements of section 12-290-104(2), C.R.S., every podiatrist who performs surgical procedures as part of his podiatric practice and who holds or desires to obtain a Colorado license must maintain professional liability insurance coverage with an insurance company authorized to do business in this state in a minimum indemnity amount of $1,000,000 per incident, and $3,000,000 annual aggregate per year.

B. Pursuant to these rules, every podiatrist who does not perform surgical procedures and who holds or desires to obtain a Colorado license must maintain professional liability insurance coverage with an insurance company authorized to do business in this state in a minimum indemnity amount of $500,000 per incident, and $1,000,000 annual aggregate per year.

C. Pursuant to these rules, a podiatrist whose podiatric practice falls entirely within one or more of the following categories is exempt from the requirements set forth in paragraphs (A) and (B), above:

1. A podiatrist who is completely and permanently retired from the practice of podiatry.

2. A podiatrist who does not engage in any patient care whatsoever within the State of Colorado.

3. A federal civilian or military podiatrist whose practice is limited solely to that required by his federal/military agency.

4. A podiatrist who is not engaged in any patient care whatsoever (administrators, researchers, academicians, those engaged in endeavors outside of podiatry, e.g.).

5. A podiatrist who is covered by individual commercial professional liability coverage maintained by an employer/contracting agency in the amounts set forth in paragraph A and B, above.

6. A podiatrist whose practice is as a public employee under the "Colorado Governmental Immunity Act."

D. Any podiatrist who claims exemption from the financial responsibility requirements must provide such information as may be requested by the Board in order to establish eligibility for any such exemption.

E. For purposes of this Rule, "surgical procedures" means any procedure that involves cutting through the skin to a level deeper than the dermis.

3 CCR 712-1.13

42 CR 14, July 25, 2019, effective 8/14/2019

45 CR 13, July 10, 2022, effective 7/30/2022

45 CR 22, November 25, 2022, effective 10/26/2022

45 CR 23, December 10, 2022, effective 11/11/2022

46 CR 02, January 25, 2022, effective 1/9/2023

46 CR 01, January 10, 2023, effective 1/30/2023