House advances technical fix to Fair Access to Insurance Requirements (FAIR) plan
Lawmakers approved a technical bill to set governance, tax and statutory compliance details for the Fair Access to Insurance Requirements (FAIR) plan, a residual property insurance market for hard-to-insure properties.
The full story
House Bill 12 05, described on the floor as a technical fix to the statutory framework for Colorado’s FAIR (Fair Access to Insurance Requirements) plan, moved forward after members explained committee amendments and discussed liability protections and premium-tax treatment.
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