July 18, 2019

SB 14-137: Revising Certification Process for Workers’ Compensation Insurance Forms

On Monday, January 27, 2014, Sen. Cheri Jahn introduced SB 14-137 – Concerning Certification of Workers’ Compensation Insurance Forms. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

Current law prohibits workers’ compensation carriers from writing any policy of insurance or any endorsement, rider, letter, or other document affecting an insurance contract on a form that has not been previously filed with and approved by the commissioner of insurance. The bill allows the forms to be used without prior approval and to be certified on an annual basis after submission by the workers’ compensation carriers.

On Feb. 12, Business, Labor, & Technology Committee amended the bill and sent it the Senate 2nd Reading Consent Calendar. On Feb. 17 the bill passed with amendments on 2nd Reading. On Feb. 18, the Senate approved the bill on 3rd and Final Reading. The bill is assigned to the House Business, Labor, Economic, & Workforce Development Committee.