On January 9, 2013, Rep. Spencer Swalm and Sen. Cheri Jahn introduced HB 13-1025 - Concerning an Increase in the Amount of the Authorized Deductible for Workers’ Compensation Insurance Policies. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.
Current workers’ compensation law allows employers a deductible of up to $5,000 in a workers’ compensation policy. This bill increases the amount of the authorized deductible up to the amount of the workers’ compensation insurance rate split point approved by the commissioner of insurance. Assigned to the Business, Labor, Economic, & Workforce Development Committee.