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House advances technical fix to Fair Access to Insurance Requirements (FAIR) plan
2517997 · February 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
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.
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.
Sponsors told colleagues the FAIR plan is…
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