(1) It is unlawful for any advanced practice registered nurse or certified midwife engaged in an independent practice of professional nursing or as a certified midwife to practice within the state of Colorado unless the advanced practice registered nurse or certified midwife purchases and maintains or is covered by professional liability insurance in an amount not less than five hundred thousand dollars per claim with an aggregate liability for all claims during the year of one million five hundred thousand dollars.
(2) Professional liability insurance required by this section must cover all acts within the scope of practice of an advanced practice registered nurse or certified midwife as described in this part 1.
(3) Notwithstanding the requirements of subsection (1) of this section, the board, by rule, may exempt or establish lesser liability insurance requirements for advanced practice registered nurses or certified midwives.
(4) Nothing in this section shall be construed to confer liability on an employer for the acts of an advanced practice registered nurse or a certified midwife that are outside the scope of employment or to negate the applicability of the “Colorado Governmental Immunity Act”, article 10 of title 24.