State Bill Colorado

Amendments for HB25-1302

House Journal, April 9
1 HB25-1302 be amended as follows, and as so amended, be referred to
2 the Committee on Appropriations with favorable
3 recommendation:
4
5 Amend printed bill, page 4, line 3, after "FOR" insert "HOMEOWNERS
6 AND".
7
8 Page 4, line 10, strike "INSURERS" and substitute "HOMEOWNERS".
9
10 Page 4, line 15, after "TO" insert "HOMEOWNERS AND".
11
12 Page 7, line 1, strike "INSURERS" and substitute "HOMEOWNER'S
13 INSURANCE POLICYHOLDERS".
14
15 Page 7, line 3, strike "INSURERS" and substitute "POLICYHOLDERS".
16
17 Page 7, line 13, after "REDUCING" insert "POLICYHOLDER AND".
18
19 Page 7, line 25, strike "THREE" and substitute "FIVE".
20 Page 8, line 1, strike "TWO" and substitute "FOUR".
21
22 Page 8, line 3, strike "ONE MEMBER WHO IS AN INSURER WITH EXPERTISE
23 IN" and substitute "TWO MEMBERS WHO REPRESENT INSURANCE
24 COMPANIES THAT OFFER".
25
26 Page 8, line 4, strike "AND".
27
28 Page 8, line 6, strike "ACTIVITIES." and substitute "ACTIVITIES; AND
29 (C) ONE MEMBER WHO REPRESENTS CONSUMERS.".
30
31 Page 8, line 8, strike "ONE MEMBER" and substitute "TWO MEMBERS".
32
33 Page 8, line 25, strike "ENTERPRISE".
34
35 Page 9, after line 4 insert:
36
37 "(IV) INVEST THE REVENUE FROM THE ISSUANCE AND SALE OF
38 REVENUE BONDS AND THE IMPOSITION AND COLLECTION OF THE FEE. IN
39 INVESTING THE REVENUE, THE ENTERPRISE MAY:
40 (A) INVEST THE REVENUE WITHOUT REGARD TO THE LIMITATIONS
41 SET FORTH IN SECTION 24-36-103, 24-75-601.1, OR 24-75-603; AND
42 (B) ENTER INTO CONTRACTS WITH PRIVATE PROFESSIONAL FUND
43 MANAGERS TO PROVIDE EXPERTISE, TECHNICAL SUPPORT, AND ADVICE ON
44 INVESTMENT MARKET CONDITIONS. IN SEEKING BIDS FOR SUCH
45 CONTRACTS, THE ENTERPRISE SHALL EMPLOY STANDARD PUBLIC BIDDING
46 PRACTICES, INCLUDING THE USE OF REQUESTS FOR INFORMATION,
47 REQUESTS FOR PROPOSALS, OR ANY OTHER STANDARD VENDOR SELECTION
48 PRACTICES DETERMINED BY THE ENTERPRISE TO BE BEST SUITED TO
49 SELECTING AN APPROPRIATE PRIVATE PROFESSIONAL FUND MANAGER.".
50
51 Renumber succeeding subparagraphs accordingly.
52
53 Page 9, strike lines 9 through 19 and substitute:
54 "(VII) ENGAGE THE SERVICES OF PUBLIC OR PRIVATE ENTITIES,
55 CONTRACTORS, OR CONSULTANTS FOR PROFESSIONAL AND TECHNICAL
56 ASSISTANCE AND TO PROVIDE ADVICE AND OTHER SERVICES RELATED TO
1 CONDUCTING THE AFFAIRS OF THE ENTERPRISE, WITHOUT REGARD TO THE
2 "PROCUREMENT CODE", ARTICLES 101 TO 112 OF TITLE 24. IN
3 CONDUCTING ITS AFFAIRS, THE ENTERPRISE SHALL:
4 (A) ENGAGE THE ATTORNEY GENERAL'S OFFICE FOR LEGAL
5 SERVICES; AND
6 (B) ENTER INTO A CONTRACT OR CONTRACTS WITH THE DIVISION
7 AT FAIR MARKET RATES FOR OFFICE SPACE AND ADMINISTRATIVE STAFF
8 FOR THE ENTERPRISE; AND".
9
10 Page 10, strike lines 6 through 13 and substitute "EACH CALENDAR YEAR
11 THEREAFTER ON OR BEFORE THE SAME DATE, THE ENTERPRISE SHALL
12 IMPOSE A FEE PURSUANT TO SUBSECTION (4)(c) OF THIS SECTION ON EACH
13 POLICYHOLDER OF A HOMEOWNER'S INSURANCE POLICY ISSUED IN THE
14 ADMITTED MARKET COVERING PROPERTY LOCATED IN OR RISKS IN THE
15 STATE ON A PER-POLICY BASIS AND ON EACH POLICYHOLDER OF THE FAIR
16 PLAN ASSOCIATION ON A PER-POLICY BASIS; EXCEPT THAT THE ENTERPRISE
17 SHALL NOT IMPOSE A FEE ON POLICYHOLDERS THAT HAVE A RESILIENT
18 ROOF SYSTEM THAT MEETS THE INSURANCE INSTITUTE FOR BUSINESS AND
19 HOME SAFETY STANDARDS OR SIMILAR STANDARDS, AS DETERMINED BY
20 THE BOARD BY RULE.".
21 Page 10, line 17, strike "ONE AND".
22
23 Page 10, line 19, after "INSURER" insert "IN THE ADMITTED MARKET".
24
25 Page 11, after line 1 insert:
26 "(III) THE FAIR PLAN ASSOCIATION AND EACH INSURER SHALL
27 COLLECT THE FEE FROM THEIR RESPECTIVE POLICYHOLDERS, PAY THE FEE
28 TO THE ENTERPRISE, AND LIST THE FEE AS AN ITEMIZED CHARGE ON THEIR
29 RESPECTIVE INSURANCE POLICY BILLING STATEMENTS.
30 (IV) THE FEE IS NOT A PREMIUM FOR ANY PURPOSE, INCLUDING THE
31 COMPUTATION OF THE GROSS PREMIUM TAX PURSUANT TO SECTION
32 10-3-209 OR AN INSURANCE PRODUCER'S COMMISSION.".
33
34 Page 11, after line 8 insert:
35 "(e) THE ENTERPRISE SHALL ADOPT ANY RULES NECESSARY FOR
36 THE IMPOSITION AND COLLECTION OF THE FEE.".
37
38 Page 11, line 17, strike "PAY" and substitute "COLLECT AND FORWARD".
39
40 Page 11, line 18, strike "(4)(d)" and substitute "(4)".
41
42 Page 12, line 13, strike "FROM" and substitute "BY".
43
44 Page 13, strike lines 11 and 12 and substitute "COLORADO THAT IS
45 COVERED BY A HOMEOWNER'S INSURANCE POLICY OR A POLICY ISSUED BY
46 THE FAIR PLAN ASSOCIATION;".
47
48 Page 13, line 20, strike "WITH".
49
50 Page 13, strike lines 21 through 24 and substitute "WHO IS A MEMBER OF
51 THE COLORADO ROOFING ASSOCIATION OR AN EQUIVALENT QUALIFYING
52 BODY THAT MAINTAINS STANDARDS FOR LICENSING, INSURANCE, AND
53 PROFESSIONAL CONDUCT.".
54
55 Page 14, line 8, after "(6)" insert "(a)".
1 Page 14, after line 19 insert:
2
3 "(b) IN ADOPTING RESILIENT ROOF SYSTEM STANDARDS, THE
4 BOARD MAY PRIORITIZE THE USE OF MATERIALS PROVEN TO OFFER
5 SUPERIOR PROTECTIONS AGAINST EXTREME WEATHER EVENTS AND MAY
6 INCENTIVIZE REDUCED ENVIRONMENTAL IMPACTS.
7 (c) THE BOARD MAY ALSO ADOPT RULES TO ENCOURAGE
8 CONTRACTORS TO COMPLETE SPECIALIZED TRAINING IN THE INSTALLATION
9 OF IMPACT-RESISTANT AND FIRE-RESISTANT ROOFING SYSTEMS.".
10
11 Page 14, after line 24 insert:
12
13 "10-4-2005. Severability. IF ANY PROVISION OF THIS PART 20 OR
14 THE APPLICATION THEREOF TO ANY PERSON OR CIRCUMSTANCE IS HELD
15 INVALID, SUCH INVALIDITY DOES NOT AFFECT OTHER PROVISIONS OR
16 APPLICATIONS OF THIS PART 20 THAT CAN BE GIVEN EFFECT WITHOUT THE
17 INVALID PROVISION OR APPLICATION, AND TO THIS END THE PROVISIONS OF
18 THIS PART 20 ARE DECLARED TO BE SEVERABLE.".
19
20 Page 14, line 25, strike "10-4-2005." and substitute "10-4-2006.".
21
22 Page 16, line 9, strike "AND CATASTROPHE".
23
24 Page 16, strike line 10 and substitute "AND IMPOSING A FEE ON
25 HOMEOWNER'S INSURANCE POLICYHOLDERS; AND".
26
27 Page 17, strike lines 23 through 25.
28
29 Renumber succeeding subsections accordingly.
30
31 Page 17, line 26, after the second "INSURER" add "IN THE ADMITTED
32 MARKET".
33
34 Page 18, lines 24 and 25, strike "utility purchasers of bonds -".
35
36 Page 19, line 11, strike "COLLECTING, UNDER CERTAIN CIRCUMSTANCES,"
37 and substitute "COLLECTING".
38
39 Page 19, lines 13 and 14, strike "STATE; SELLING CATASTROPHE BONDS
40 AND REVENUE BONDS;" and substitute "STATE, SELLING REVENUE BONDS,".
41
42 Page 20, line 9, strike "THREE" and substitute "FIVE".
43
44 Page 20, line 12, strike "TWO" and substitute "FOUR".
45
46 Page 20, line 14, strike "IS AN INSURER WITH" and substitute "REPRESENTS
47 AN INSURANCE COMPANY AND HAS".
48
49 Page 20, line 15, strike "AND".
50
51 Page 20, after line 15 insert:
52 "(B) ONE MEMBER WHO REPRESENTS AN INSURANCE COMPANY
53 AND HAS EXPERTISE IN FINANCING AND INVESTMENTS;".
54
55 Reletter succeeding sub-subparagraph accordingly.
1 Page 20, lines 16 and 17, strike "CONSUMER WITH FINANCIAL EXPERTISE."
2 and substitute "CONSUMER; AND
3 (D) ONE MEMBER WHO HAS EXPERTISE IN REINSURANCE.".
4
5 Page 20, line 19, strike "ONE MEMBER" and substitute "TWO MEMBERS".
6
7 Page 21, strike lines 24 and 25.
8
9 Renumber succeeding subparagraphs accordingly.
10
11 Page 22, lines 1 and 2, strike "FEE, AS APPLICABLE, ON HOMEOWNER'S
12 INSURANCE INSURERS" and substitute "FEE".
13
14 Page 22, line 5, strike "FEE;" and substitute "FEE. IN INVESTING THE
15 REVENUE, THE ENTERPRISE MAY:
16 (A) INVEST THE REVENUE WITHOUT REGARD TO THE LIMITATIONS
17 SET FORTH IN SECTION 24-36-103, 24-75-601.1, OR 24-75-603; AND
18 (B) ENTER INTO CONTRACTS WITH PRIVATE PROFESSIONAL FUND
19 MANAGERS TO PROVIDE EXPERTISE, TECHNICAL SUPPORT, AND ADVICE ON
20 INVESTMENT MARKET CONDITIONS. IN SEEKING BIDS FOR SUCH
21 CONTRACTS, THE ENTERPRISE SHALL EMPLOY STANDARD PUBLIC BIDDING
22 PRACTICES, INCLUDING THE USE OF REQUESTS FOR INFORMATION,
23 REQUESTS FOR PROPOSALS, OR ANY OTHER STANDARD VENDOR SELECTION
24 PRACTICES DETERMINED BY THE ENTERPRISE TO BE BEST SUITED TO
25 SELECTING AN APPROPRIATE PRIVATE PROFESSIONAL FUND MANAGER.".
26
27 Page 22, strike lines 13 through 23 and substitute:
28
29 "(VIII) ENGAGE THE SERVICES OF PUBLIC OR PRIVATE ENTITIES,
30 CONTRACTORS, OR CONSULTANTS FOR PROFESSIONAL AND TECHNICAL
31 ASSISTANCE AND TO PROVIDE ADVICE AND OTHER SERVICES RELATED TO
32 CONDUCTING THE AFFAIRS OF THE ENTERPRISE, WITHOUT REGARD TO THE
33 "PROCUREMENT CODE", ARTICLES 101 TO 112 OF TITLE 24. IN
34 CONDUCTING ITS AFFAIRS, THE ENTERPRISE SHALL:
35 (A) ENGAGE THE ATTORNEY GENERAL'S OFFICE FOR LEGAL
36 SERVICES; AND
37 (B) ENTER INTO A CONTRACT OR CONTRACTS WITH THE DIVISION
38 AT FAIR MARKET RATES FOR OFFICE SPACE AND ADMINISTRATIVE STAFF
39 FOR THE ENTERPRISE; AND".
40
41 Page 22, line 25, strike "(9)" and substitute "(8)".
42
43 Page 23, strike lines 8 through 20 and substitute:
44
45 "(4) Fee - rules. (a) BEGINNING IN THE 2026 CALENDAR YEAR ON
46 OR BEFORE A DATE DETERMINED BY THE ENTERPRISE, AND ANNUALLY
47 EACH CALENDAR YEAR THEREAFTER ON OR BEFORE THE SAME DATE, THE
48 ENTERPRISE SHALL IMPOSE A FEE PURSUANT TO SUBSECTION (4)(b) OF THIS
49 SECTION ON A PER-POLICY BASIS ON EACH POLICYHOLDER OF A
50 HOMEOWNER'S INSURANCE POLICY ISSUED IN THE ADMITTED MARKET
51 COVERING PROPERTY LOCATED IN OR RISKS IN THE STATE; EXCEPT THAT
52 THE ENTERPRISE SHALL NOT IMPOSE A FEE ON POLICYHOLDERS THAT HAVE
53 MITIGATED THE COVERED PROPERTY TO MEET THE INSURANCE INSTITUTE
54 FOR BUSINESS AND HOME SAFETY WILDFIRE MITIGATION STANDARDS OR
55 SIMILAR STANDARDS, AS DETERMINED BY THE BOARD BY RULE.
1 (b) THE AMOUNT OF THE FEE IS AN AMOUNT EQUAL TO ONE-HALF
2 PERCENT ON THE PERCENTAGE OF TOTAL PREMIUMS COLLECTED BY EACH
3 INSURER IN THE ADMITTED MARKET IN THE IMMEDIATELY PRECEDING
4 CALENDAR YEAR ON HOMEOWNER'S INSURANCE POLICIES ISSUED IN THE
5 STATE.
6 (c) EACH INSURER SHALL COLLECT THE FEE FROM ITS
7 POLICYHOLDERS, PAY THE FEE TO THE ENTERPRISE, AND LIST THE FEE AS
8 AN ITEMIZED CHARGE ON ITS INSURANCE POLICY BILLING STATEMENTS.
9 (d) THE FEE IS NOT A PREMIUM FOR ANY PURPOSE, INCLUDING THE
10 COMPUTATION OF THE GROSS PREMIUM TAX PURSUANT TO SECTION
11 10-3-209 OR AN INSURANCE PRODUCER'S COMMISSION.
12 (e) THE ENTERPRISE SHALL ADOPT ANY RULES NECESSARY FOR THE
13 IMPOSITION AND COLLECTION OF THE FEE.".
14
15 Page 23, line 25, strike "CATASTROPHE BONDS AND".
16
17 Page 24, line 4, strike "INSURERS" and substitute "POLICYHOLDERS".
18
19 Page 24, line 5, strike "CATASTROPHE BONDS AND".
20
21 Page 24, line 26, strike "ADJUST" and substitute "LOWER".
22
23 Page 25, strike lines 4 through 11.
24
25 Renumber succeeding subsections accordingly.
26
27 Page 29, after line 8 insert:
28
29 "10-4-2105. Severability. IF ANY PROVISION OF THIS PART 21 OR
30 THE APPLICATION THEREOF TO ANY PERSON OR CIRCUMSTANCE IS HELD
31 INVALID, SUCH INVALIDITY DOES NOT AFFECT OTHER PROVISIONS OR
32 APPLICATIONS OF THIS PART 21 THAT CAN BE GIVEN EFFECT WITHOUT THE
33 INVALID PROVISION OR APPLICATION, AND TO THIS END THE PROVISIONS OF
34 THIS PART 21 ARE DECLARED TO BE SEVERABLE.".
35
36 Page 29, line 9, strike "10-4-2105." and substitute "10-4-2106.".
37
38 Page 29, strike lines 25 through 27.
39
40 Page 30, strike lines 1 through 16.
41
42 Renumber succeeding sections accordingly.
43
44 Page 31, after line 2 insert:
45
46 "SECTION 4. In Colorado Revised Statutes, 10-4-110.8, amend
47 (6)(b) as follows:
48 10-4-110.8. Homeowner's insurance - prohibited and required
49 practices - estimates of replacement value - additional living expense
50 coverage - copies of policies - personal property contents coverage -
51 inventory of personal property - requirements concerning total loss
52 scenarios resulting from wildfire disasters - definitions - rules.
53 (6) (b) (I) All homeowner's insurance replacement-cost policies for a
54 dwelling must include additional living expense coverage. This coverage
55 must be available for a period of at least twelve months and is subject to
1 other policy provisions. Insurers shall offer policyholders the opportunity
2 to purchase a total of twenty-four months of ALE coverage and give an
3 applicant an explanation of the purpose, terms, and cost of this coverage.
4 This paragraph (b) SUBSECTION (6)(b) does not apply to any A
5 homeowner's insurance policy that already includes at least twenty-four
6 months of ALE coverage as a standard provision.
7 (II) IN ADDITION TO OFFERING A REPLACEMENT-COST POLICY IN
8 ACCORDANCE WITH SUBSECTION (6)(b)(I) OF THIS SECTION, AN INSURER
9 MAY OFFER A REPLACEMENT-COST POLICY THAT HAS A REASONABLE
10 COVERAGE LIMIT OR PERCENTAGE CAP FOR ADDITIONAL LIVING EXPENSES
11 IF THE INSURER PROVIDES A PREMIUM DECREASE FOR THE COVERAGE LIMIT
12 OR PERCENTAGE CAP THAT IS APPROVED BY THE DIVISION.".
13
14 Strike "FROM INSURERS" on: Page 6, line 2; Page 8, line 25; and Page 11,
15 line 12.
16
17 Strike "CATASTROPHE AND" on: Page 22, lines 4 and 5; Page 24, line 8;
18 and Page 25, lines 15 and 26.
19
20

House Journal, April 22
1 HB25-1302 be amended as follows, and as so amended, be referred to
2 the Committee of the Whole with favorable
3 recommendation:
4
5 Amend printed bill, page 11, strike lines 23 and 24 and substitute:
6
7 "(c) SUBJECT TO ANNUAL APPROPRIATION, MONEY IN THE FUND
8 MAY BE USED BY THE ENTERPRISE FOR THE PURPOSES SET FORTH IN THIS
9 PART 20 AND TO PAY".
10
11 Page 31, before line 3 insert:
12
13 "SECTION 5. Appropriation. (1) For the 2025-26 state fiscal
14 year, $7,410,037 is appropriated to the department of regulatory agencies.
15 This appropriation is from the strengthen Colorado homes enterprise fund
16 created in section 10-4-2003 (5)(a), C.R.S. To implement this act, the
17 department may use this appropriation as follows:
18 (a) $7,356,541 for use by the division of insurance for the
19 strengthen Colorado homes enterprise, which amount is based on an
20 assumption that the division will require an additional 0.8 FTE; and
21 (b) $53,496 for the purchase of legal services.
22 (2) For the 2025-26 state fiscal year, $53,496 is appropriated to
23 the department of law. This appropriation is from reappropriated funds
24 received from the department of regulatory agencies under subsection
25 (1)(b) of this section and is based on an assumption that the department
26 of law will require an additional 0.2 FTE. To implement this act, the
27 department of law may use this appropriation to provide legal services for
28 the department of regulatory agencies.
29 (3) For the 2025-26 state fiscal year, $53,496 is appropriated to
30 the department of law. This appropriation is from the legal services cash
31 fund created in section 24-31-108 (4), C.R.S., from revenue received
32 from the department of regulatory agencies that is continuously
33 appropriated to the division of insurance from the wildfire catastrophe
34 reinsurance enterprise fund created in section 10-4-2103 (6)(a), C.R.S.
35 The appropriation to the department of law is based on an assumption that
36 the department will require an additional 0.2 FTE. To implement this act,
37 the department of law may use this appropriation to provide legal services
38 for the department of regulatory agencies.".
39
40 Renumber succeeding section accordingly.
41
42 Page 1, line 102, strike "STATE." and substitute "STATE, AND, IN
43 CONNECTION THEREWITH, MAKING AN APPROPRIATION.".
44
45

House Journal, April 22
8 Amendment No. 1, Appropriations Report, dated April 22, 2025, and
9 placed in member’s bill file; Report also printed in House Journal,
10 April 22, 2025.
11
12 Amendment No. 2, Finance Report, dated April 7, 2025, and placed in
13 member’s bill file; Report also printed in House Journal, April 9, 2025.
14
15 Amendment No. 3, by Speaker McCluskie:
16
17 Amend the Finance Committee Report, dated April 7, 2025, page 1, after
18 line 4 insert:
19
20 "Page 6 of the printed bill, strike lines 7 through 14 and substitute:
21
22 "(6) "RESILIENT ROOF SYSTEM" MEANS A ROOF THAT HAS
23 OBTAINED A VERIFIED WIND AND HAIL CERTIFICATION FROM THE
24 INSURANCE INSTITUTE FOR BUSINESS AND HOME SAFETY "FORTIFIED"
25 PROGRAM OR A SIMILAR SCIENCE-BASED, VERIFIABLE CERTIFICATION, AS
26 DETERMINED BY THE COMMISSIONER BY RULE.".".
27
28 Page 1 of the report, after line 7 insert:
29
30 "Page 7 of the bill, line 7, strike "PROFESSIONALS;" and substitute
31 "PROFESSIONALS OR RETROFITTING RESIDENTIAL PROPERTY TO RESIST
32 LOSS DUE TO COMMON PERILS, INCLUDING WINDSTORMS, WILDFIRE, AND
33 OTHER EXTREME WEATHER EVENTS;".".
34
35 Page 2 of the report, strike line 37 and substitute "ROOF SYSTEM.".".
36
37 Page 3 of the report, strike lines 1 and 2.
38
39 Page 3 of the report, after line 4 insert:
40
41 "Page 10 of the bill, strike lines 22 through 24 and substitute "RESILIENT
42 ROOF SYSTEM.".".
43
44 Page 3 of the report, after line 18 insert:
45
46 "Page 13 of the bill, line 9, strike "SHALL:" and substitute "SHALL, AS
47 APPLICABLE:".".
48
49 Amendment No. 4, by Representative Brown:
50
51 Amend the Finance Committee Report, dated April 7, 2025, page 1, strike
52 line 13 and substitute "COMPANIES WITH EXPERTISE IN".".
53
54 Page 1 of the report, after line 14 insert:
55
1 "Page 8 of the printed bill, strike line 5 and substitute:
2
3 "(B) ONE MEMBER WHO IS A COUNTY COMMISSIONER OR A COUNTY
4 EMPLOYEE WHO HAS EXPERTISE OR EXPERIENCE IN HOME".".
5
6 Page 1 of the report, line 15, after "6," insert "strike "AND" and substitute
7 "OR" and".
8
9 Page 5 of the report, line 8, strike "HAS EXPERTISE IN REINSURANCE."."
10 and substitute "WHO IS A COUNTY COMMISSIONER OR A COUNTY EMPLOYEE
11 WHO HAS RELEVANT EXPERTISE OR EXPERIENCE.".".
12
13 Amendment No. 5, by Speaker McCluskie:
14
15 Amend the Finance Committee Report, dated April 7, 2025, page 4, after
16 line 20 insert:
17
18 "Page 18 of the printed bill, line 3, strike "AND".
19
20 Page 18 of the bill, line 6, strike "COMMISSIONER." and substitute
21 "COMMISSIONER; AND".
22
23 Page 18 of the bill, after line 6 insert:
24
25 "(d) HAS NOTIFIED THE COMMISSIONER, IN WRITING, OF THE
26 INSURER'S INTENT TO PARTICIPATE IN THE ENTERPRISE.".".
27
28 Page 4 of the report, after line 21 insert:
29
30 "Page 18 of the bill, after line 21 insert:
31
32 "(10) "WILDFIRE PREPARED PROPERTY" MEANS PROPERTY THAT
33 HAS OBTAINED A VERIFIED WILDFIRE CERTIFICATION FROM THE INSURANCE
34 INSTITUTE FOR BUSINESS AND HOME SAFETY "WILDFIRE PREPARED"
35 PROGRAM OR A SIMILAR SCIENCE-BASED, VERIFIABLE CERTIFICATION.".".
36
37 Page 6 of the report, after line 5 insert:
38
39 "Page 23, before line 1, insert:
40
41 "(c) THE ENTERPRISE SHALL NOT ENGAGE IN THE BUSINESS OF
42 REINSURANCE BY SELLING REINSURANCE THROUGH THE COLLECTION OF
43 PREMIUMS FROM INSURERS.".
44
45 Reletter succeeding paragraph accordingly.".
46
47 Page 6 of the report, strike lines 15 through 17 and substitute "WILDFIRE
48 PREPARED PROPERTY, AS DETERMINED BY THE BOARD BY RULE.".
49
50 Page 7 of the report, after line 12 insert:
51
52 "Page 30 of the bill, line 21, strike "INSURER" and substitute "ELIGIBLE
53 INSURER, AS DEFINED IN SECTION 10-4-2102,".".
54
55
1 As amended, ordered engrossed and placed on the Calendar for Third
2 Reading and Final Passage.
3