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Committee backs technical fixes to Colorado Fair Plan, sends bill to Committee of the Whole
Summary
The Senate Business, Labor and Technology Committee voted unanimously to send House Bill 1205 to the Committee of the Whole after adopting a technical amendment clarifying the legal and operational status of the Colorado Fair Plan and adding liability protections for its volunteer board members.
The Senate Business, Labor and Technology Committee voted unanimously on Oct. 12 to send House Bill 1205 to the Committee of the Whole with a favorable recommendation and to place the bill on the consent calendar.
The bill makes technical clarifications to the Colorado Fair Plan — a residual market created in 2023 to provide last-resort property insurance for high-risk residential and commercial properties — clarifying that the plan is not a department or an insurance company and spelling out consumer remedies and legal protections for volunteer board members.
Senator Roberts, the bill sponsor, told the committee the changes are intended…
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