Colorado

Colorado has enacted House Bill 1207, which, among other provisions, states that insurers may not refuse to issue, cancel, nonrenew, or increase a premium for a commercial policy for multifamily units—or a policy to cover the contents of a structure used for a residence and occupied by an owner or renter—based on the breed or mixture of breeds of a dog at the unit or structure. However, this does not prohibit an insurer from taking such action on the above-mentioned policies based on sound underwriting and actuarial principles on the basis that a particular dog at the unit or structure is known or declared to be dangerous. 

Colorado has amended 3 CCR 702-5, Regulation 5-2-16 to stipulate summary disclosure requirements and require that the summary disclosure form be provided in English and the summary document form be provided in Spanish for private passenger automobile insurance. The regulation provides the requirements and information that must be included in both summary forms. Additionally, every insurer should update and file a summary disclosure form and summary document form in SERFF to reflect any changes in major coverages and exclusions for private passenger automobile policies. Lastly, for policies effective on or after January 1, 2026, insurers must provide a language selection form to any new applicants at the time of application and to renewal policyholders at the first renewal following January 1, 2026.

On December 10, 2024, the Colorado Division of Insurance issued Bulletin No. B-5.51 to provide clarification regarding an insurer's payment of registration fees following the total loss of a motor vehicle.

Colorado has enacted 1 CCR 204-10, Rule 7, which, among other provisions, establishes motor vehicle reporting requirements for insurers that issue insurance policies under Part 6, Article 4 of Title 10. Insurers with any policies in place for the preceding six months must provide policy information every week for the immediately preceding week. The information must be reported no later than seven working days after the last date of the week reported on. This rule is effective on September 30, 2024.

Colorado has adopted Regulation 5-1-26, which establishes factors and cost considerations that insurers must follow when estimating the reconstruction cost of a dwelling for new business or renewal policies.

Colorado has adopted Regulation 5-1-25, which applies to insurers issuing replacement cost homeowners insurance policies. This regulation outlines the requirements for notifying policyholders of the availability of Extended Replacement Cost and Law and Ordinance coverage. It lays out certain requirements that insurers must follow if a policyholder decides not to purchase the coverages, including a paragraph that must be put on the policy declarations page and a separate notification. These requirements apply to new policies effective and renewal offers sent on or after January 1, 2025.

On December 11, 2022, the Colorado Department of Regulatory Agencies, Division of Insurance (DOI), issued an open letter to the homeowners insurance companies with policyholders in the Marshall Fire area. The letter requests insurers to extend additional living expenses (ALE) coverage in homeowners' policies if the policy had a minimum of 12 months of coverage.

On December 11, 2022, the Colorado Department of Regulatory Agencies, Division of Insurance (DOI), issued an open letter to the homeowners insurance companies with policyholders in the Marshall Fire area. The letter requests insurers to extend additional living expenses (ALE) coverage in homeowners' policies if the policy had a minimum of 12 months of coverage.