Amendments for HB25-1182
House Journal, March 14
38 HB25-1182 be amended as follows, and as so amended, be referred to
39 the Committee of the Whole with favorable
40 recommendation:
41
42 Amend printed bill, page 2, line 4, strike "Homeowner's" and substitute
43 "Homeowner and commercial".
44
45 Page 2, after line 10 insert:
46 "(b) "COMMUNITY-LEVEL MITIGATION ACTION" MEANS A
47 SCIENCE-BASED MITIGATION ACTION AS DEMONSTRATED BY A
48 COMMUNITY- OR NEIGHBORHOOD-LEVEL DESIGNATION OR CERTIFICATION
49 OR AS UNDERTAKEN BY A GOVERNMENT ENTITY.
50 (c) "PROPERTY-SPECIFIC MITIGATION ACTION" MEANS A
51 SCIENCE-BASED MITIGATION ACTION AS DEMONSTRATED BY THE
52 "WILDFIRE PREPARED HOME" DESIGNATION FROM THE INSURANCE
53 INSTITUTE FOR BUSINESS AND HOME SAFETY OR BY A SIMILAR
54 MITIGATION PROGRAM THAT INCLUDES A VERIFICATION AND
55 CERTIFICATION PROCESS.".
1 Reletter succeeding paragraph accordingly.
2
3 Page 2, line 19, after "(2)" insert "(a)".
4
5 Page 2, line 23, after "RATES," insert "AN ACTUARIAL JUSTIFICATION FOR
6 ALL RATING FACTORS, INCLUDING MITIGATION DISCOUNTS OFFERED,".
7
8 Page 2, after line 25 insert:
9
10 "(b) AN INSURER SHALL SUBMIT TO THE DIVISION, AS PART OF
11 THEIR RATE FILINGS, INFORMATION ON HOW THE MODELS USED FOR
12 UNDERWRITING AND RATING ACCOUNT FOR STATE-WIDE MITIGATION
13 ACTIVITIES, SUCH AS FOREST TREATMENT, INVESTMENTS IN WILDFIRE
14 FIGHTING AND MITIGATION EQUIPMENT, AND UTILITY WILDFIRE
15 MITIGATION ACTIVITIES UNDERTAKEN PURSUANT TO A WILDFIRE
16 MITIGATION PLAN APPROVED BY THE PUBLIC UTILITIES COMMISSION.
17 (c) MODELS SUBMITTED TO THE COMMISSIONER PURSUANT TO THIS
18 SECTION SHALL BE TREATED AS TRADE SECRETS AND NOT SUBJECT TO
19 DISCLOSURE UNDER THE "COLORADO OPEN RECORDS ACT, PART 2 OF
20 ARTICLE 72 OF TITLE 24.".
21
22 Page 3, strike lines 3 and 4 and substitute "ENSURE THE FOLLOWING
23 FACTORS ARE EITHER INCORPORATED IN THE WILDFIRE RISK MODEL,
24 CATASTROPHE MODEL, OR COMBINATION OF MODELS OR ARE OTHERWISE
25 DEMONSTRABLY INCLUDED IN THE INSURER'S UNDERWRITING AND
26 PRICING:".
27
28 Page 3, line 8, after "WILDFIRE;" and insert "AND".
29
30 Page 3, line 9, strike "DESIGNATIONS;" and substitute "DESIGNATIONS,
31 INCLUDING FOREST TREATMENT AND OTHER FUEL REDUCTION
32 ACTIVITIES.".
33
34 Page 3, strike lines 10 through 12 and substitute:
35 "(4) IF AN INSURER DOES NOT INCORPORATE PROPERTY-SPECIFIC
36 AND COMMUNITY-LEVEL MITIGATION ACTIONS INTO ITS MODELS, THE
37 INSURER SHALL PROVIDE DISCOUNTS TO POLICYHOLDERS WHO CAN
38 DEMONSTRATE THAT PROPERTY-SPECIFIC MITIGATION ACTIONS HAVE BEEN
39 UNDERTAKEN ON THE PROPERTY OR COMMUNITY-LEVEL MITIGATION
40 ACTIONS HAVE BEEN UNDERTAKEN IN SUFFICIENT PROXIMITY TO THE
41 PROPERTY TO REDUCE THE RISK OF LOSS.".
42
43 Renumber succeeding subsections accordingly.
44
45 Page 3, line 16, strike "SPECIFIED MITIGATION EFFORTS" and substitute
46 "PROPERTY-SPECIFIC MITIGATION ACTIONS OR PROVIDE EVIDENCE OF
47 COMMUNITY-LEVEL MITIGATION ACTIONS".
48
49 Page 3, line 19, strike "WILDFIRE RISK" and substitute
50 "PROPERTY-SPECIFIC".
51
52 Page 3, line 20, strike "UNDERTAKE THAT WOULD" and substitute
53 "UNDERTAKE AND COMMUNITY-LEVEL MITIGATION ACTIONS THAT
54 COULD".
55
1 Page 3, lines 23 and 24, strike "WILDFIRE RISK MITIGATION".
2
3 Page 3, line 25, after "INSURER" insert "THAT PROVIDES A MITIGATION
4 DISCOUNT OR".
5
6 Page 4, line 3, after "OF" insert "THE APPLICABLE MITIGATION
7 DISCOUNTS," and strike "SCORE" and substitute "SCORE,".
8
9 Page 4, line 9, strike "CLASSIFICATION;" and substitute "CLASSIFICATION,
10 INCLUDING AN EXPLANATION THAT INSURERS MAY USE DIFFERENT MODELS
11 AND HAVE DIFFERENT RISK SCORE RANGES THAT COULD RESULT IN
12 DIFFERENT RISK SCORES FROM OTHER INSURERS;".
13
14 Page 4, strike lines 14 through 16 and substitute "CLASSIFICATIONS
15 PROVIDED BY THE INSURER'S RISK MODEL;".
16
17 Renumber succeeding subparagraphs accordingly.
18
19 Page 4, line 19, strike "SPECIFIC" and substitute "PRIMARY".
20
21 Page 4, line 21, strike "WILDFIRE RISK MITIGATION" and substitute
22 "PROPERTY-SPECIFIC MITIGATION OR COMMUNITY-LEVEL MITIGATION".
23
24 Page 5, lines 2 and 3, strike "AT LEAST SIXTY DAYS BEFORE A RENEWAL
25 OF A POLICY;" and substitute " IN THE OFFER OF RENEWAL;".
26
27 Page 5, strike lines 4 and 5 and substitute:
28 "(c) FOR POLICYHOLDERS THAT ARE NOT BEING OFFERED A
29 RENEWAL, WITH THE NONRENEWAL NOTICE; AND".
30
31 Page 5, strike line 7 and substitute "APPLICANT HAS COMPLETED A
32 PROPERTY-SPECIFIC MITIGATION ACTION OR PROVIDES EVIDENCE OF A
33 COMMUNITY-LEVEL MITIGATION ACTION IN SUFFICIENT PROXIMITY TO THE
34 PROPERTY TO REDUCE THE RISK OF LOSS".
35
36 Page 5, strike lines 14 through 16 and substitute "INSURANCE WHOSE
37 WILDFIRE RISK MODEL SCORE, WILDFIRE RISK CLASSIFICATION ASSIGNED
38 TO THE PROPERTY, OR APPLICABLE MITIGATION DISCOUNT IS INACCURATE
39 AND PROVIDES EVIDENCE OF THE PROPERTY-SPECIFIC OR
40 COMMUNITY-LEVEL MITIGATION ACTION MAY APPEAL THE SCORE".
41
42 Page 5, line 19, after "CLASSIFICATION" insert "OR APPLICABLE
43 MITIGATION DISCOUNT".
44
45 Page 5, line 20, after "CLASSIFICATION" insert "OR DISCOUNT".
46
47 Page 5, line 21, strike "(5)" and substitute "(6)".
48
49 Page 5, line 23, strike "CLASSIFICATION," and substitute "CLASSIFICATION
50 OR APPLICABLE WILDFIRE DISCOUNT,".
51
52 Page 6, after line 3 insert:
53
54
1 "(9) THIS SECTION APPLIES TO PROPERTY INSURANCE COVERAGE
2 PROVIDED BY THE FAIR ACCESS TO INSURANCE REQUIREMENTS PLAN
3 ASSOCIATION CREATED IN SECTION 10-4-1804.".
4
5 Renumber succeeding subsection accordingly.
6
7 Page 6, line 7, strike "January" and substitute "July".
8
9 Page 6, strike lines 13 through 15 and substitute "2026 and, in such case,
10 will take effect on the date of the official declaration of the vote thereon
11 by the governor.".
12
13 Strike "OR A REINSURER" on: Page 2, lines 9 and 13.
14
15 Strike "OR REINSURER" on: Page 2, line 19 and Page 3, line 1.
16
17
House Journal, March 19
50 Amendment No. 1, Business Affairs & Labor Report, dated March 13,
51 2025, and placed in member’s bill file; Report also printed in House
52 Journal, March 14, 2025.
53
54
1 Amendment No. 2, by Representative Brown:
2
3 Amend the Business Affairs and Labor Committee Report, dated March
4 13, 2025, page 1, line 2, strike "and commercial".".
5
6 Page 1 of the report, after line 14 insert:
7
8 "Page 2 of the bill, line 15, strike "OR COMMERCIAL".".
9
10 Page 4 of the report, strike line 7 and substitute "ASSOCIATION CREATED
11 IN SECTION 10-4-1804.
12 (10) THIS SECTION APPLIES ONLY TO HOMEOWNER'S INSURANCE
13 POLICIES AS DEFINED IN SECTION 10-4-110.6, PROPERTY INSURANCE
14 POLICIES COVERING CONDOMINIUM UNITS AS DEFINED IN SECTION
15 38-33-103 (1), AND MULTIFAMILY RESIDENTIAL HOUSING AS DEFINED IN
16 SECTION 24-32-3701 (9).".".
17
18 Amendment No. 3, by Representative Brown:
19
20 Amend the Business Affairs and Labor Committee Report, dated March
21 13, 2025, page 1, line 19, strike "AN" and substitute "TO THE EXTENT
22 DATA IS AVAILABLE AND AS ESTABLISHED BY RULE, AN".
23
24 Page 1, line 20, after "HOW" insert "AND WHETHER".
25
26 As amended, ordered engrossed and placed on the Calendar for Third
27 Reading and Final Passage.
28
Senate Journal, April 2
After consideration on the merits, the Committee recommends that HB25-1182 be
amended as follows, and as so amended, be referred to the Committee of the Whole with
favorable recommendation and with a recommendation that it be placed on the Consent
Calendar.
Amend reengrossed bill, page 7, line 18, after "COVERING" insert
"RESIDENTIAL".
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