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.
Notes
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