Colorado Code § 24-51-1203

Authority to contract and to self-insure
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The board shall have the
authority to contract, self-insure, and make disbursements necessary to carry out the purposes of
the health care program. Said authority shall include, but is not limited to, contracting with
insurance carriers, health maintenance organizations, preferred provider organizations, and any
other company or association as deemed necessary and proper by the board.

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