Amendments for SB24-149
Senate Journal, March 6
After consideration on the merits, the Committee recommends that SB24-149 be amended
as follows, and as so amended, be referred to the Committee on Appropriations with
favorable recommendation.
Amend printed bill, page 2, line 3, strike "amend (1)(a), (2), (5)(a), and
(5)(b)(II); repeal (5)(c); and".
Page 2, line 4, strike "and (8)" and substitute "(8), (9), (10) and (11)".
Page 2, line 7, strike "(1) (a) There is hereby created, as a separate account in
the" and substitute "(6) WHEN COMMUNICATING WITH OR REACHING AN
AGREEMENT".
Page 2, strike lines 8 through 23.
Strike page 3.
Page 4, strike lines 1 through 16.
Page 5, after line 6 insert:
"(9) PURSUANT TO THE LEGISLATIVE INTENT DECLARED IN SECTION
24-30-1501(1), TO EXPLORE, ON AN ANNUAL BASIS, THE AVAILABILITY OF
INSURANCE POLICIES. IF THE STATE ELECTS TO SELF-INSURE WORKERS'
COMPENSATION CLAIMS, THE DEPARTMENT OF PERSONNEL SHALL SEEK AND
OBTAIN QUOTES FROM PINNACOL ASSURANCE AND AT LEAST THREE OTHER
INSURANCE COMPANIES THAT PROVIDE WORKERS' COMPENSATION INSURANCE
IN COLORADO. EACH QUOTE MUST CONTAIN AN ESTIMATE OF THE COST TO THE
STATE TO PURCHASE WORKERS' COMPENSATION INSURANCE FROM THE QUOTING
INSURANCE COMPANY FOR THE FOLLOWING CALENDAR YEAR.
(10) EACH QUOTE OBTAINED PURSUANT TO SUBSECTION (9) OF THIS
SECTION MUST BE PRESENTED TO THE GENERAL ASSEMBLY IN A QUOTE REPORT
BY THE DEPARTMENT OF PERSONNEL NO LATER THAN DECEMBER 10 OF EACH
YEAR. EACH QUOTE REPORT MUST SPECIFY:
(a) THE NAME OF THE INSURANCE COMPANY THAT PROVIDED THE
QUOTE AND THE DOLLAR AMOUNT OF THE QUOTE;
(b) THE COSTS ASSOCIATED WITH THE SELF-INSURANCE SELECTED BY
THE STATE FOR THE CURRENT CALENDAR YEAR, INCLUDING A BREAKDOWN OF
THAT COST WHICH MUST INCLUDE, BUT IS NOT LIMITED TO, INDEMNITY
BENEFITS, MEDICAL BENEFITS, COSTS PAID TO THIRD PARTY ADMINISTRATORS
AND AN IDENTIFICATION OF THOSE THIRD PARTY ADMINISTRATORS, ACTUARIAL
COSTS, PREMIUMS PAID FOR OUT OF STATE INSURANCE, EACH STATE
DEPARTMENT'S COSTS, ACTUAL OR ESTIMATED COSTS OF LITIGATION, AND
OTHER PERMITS, FEES, PAYMENTS AND EXPENDITURES RELATED TO THE STATE'S
SELF-INSURANCE OF WORKERS' COMPENSATION CLAIMS; AND
(c) WHETHER THE STATE'S COSTS RELATED TO SELF-INSURANCE OF
WORKERS' COMPENSATION CLAIMS INCREASED OR DECREASED COMPARED TO
THE PREVIOUS CALENDAR YEAR.
(11) IN ADDITION TO THE QUOTE REPORT REQUIREMENTS SPECIFIED IN
SUBSECTION (10) OF THIS SECTION, THE FIRST QUOTE REPORT MUST SPECIFY,
OVER THE PREVIOUS THREE YEARS, FROM WHICH INSURANCE COMPANIES THE
STATE REQUESTED QUOTES, THE TOTAL NUMBER OF INSURANCE COMPANIES
THAT RESPONDED TO THE STATE'S QUOTE REQUESTS, AND THE ESTIMATED COST
REPORTED IN EACH RECEIVED QUOTE.".
Page 5, strike lines 19 through 27.
Page 6, strike lines 1 through 10.
Renumber succeeding section accordingly.
Senate Journal, April 23
SB24-149 by Senator(s) Hinrichsen; --Concerning workers' compensation insurance for state
employees.
Amendment No. 1, Business, Labor & Technology Committee Amendment.
(Printed in Senate Journal, March 6, page(s) 409-410 and placed in members' bill files.)
Amendment No. 1(L.006), by Senator Hinrichsen.
Amend the Business, Labor, and Technology Committee Report, dated March
5, 2024, page 1, strike lines 11 through 20 and substitute:
""(9) PURSUANT TO THE LEGISLATIVE INTENT TO EXPLORE THE
AVAILABILITY OF INSURANCE POLICIES AS DECLARED IN SECTION 24-30-1501
(1), IF THE STATE ELECTS TO SELF-INSURE WORKERS' COMPENSATION CLAIMS,
THE DEPARTMENT OF PERSONNEL SHALL SEND OR CAUSE TO BE SENT A REQUEST
FOR INTEREST TO PINNACOL ASSURANCE AND AT LEAST FIVE OTHER INSURANCE
COMPANIES THAT PROVIDE WORKERS' COMPENSATION INSURANCE IN
COLORADO; EXCEPT THAT THE DEPARTMENT OF PERSONNEL SHALL NOT SEND
A REQUEST FOR INTEREST TO PINNACOL ASSURANCE MORE THAN ONCE EVERY
THREE YEARS. THE DEPARTMENT SHALL SEND THE REQUESTS FOR INTEREST IN
ACCORDANCE WITH THIS SECTION IN 2026 AND AT LEAST ONCE EVERY THREE
YEARS THEREAFTER. EACH REQUEST FOR INTEREST MUST REQUEST THE
FOLLOWING INFORMATION FROM EACH RESPONDING INSURANCE COMPANY FOR
THE FOLLOWING CALENDAR YEAR:
(a) AN ESTIMATE OF THE TOTAL COST TO THE STATE TO PURCHASE
WORKERS' COMPENSATION INSURANCE;
(b) THE COMPANY'S ABILITY TO PROVIDE WORKERS' COMPENSATION
INSURANCE THAT WOULD COVER ALL STATE EMPLOYEES; AND
(c) A DETAILED DESCRIPTION OF THE WORKERS' COMPENSATION
COVERAGE THAT THE COMPANY WOULD PROVIDE.".
Page 1, strike line 21.
Page 2, strike lines 1 and 2 and substitute:
"(10) FOR EACH REQUEST FOR INTEREST OBTAINED PURSUANT TO
SUBSECTION (9) OF THIS SECTION, THE DEPARTMENT OF PERSONNEL SHALL
PREPARE AND SUBMIT A REPORT TO THE GENERAL ASSEMBLY NO LATER THAN".
Page 2, line 4, strike "INSURANCE COMPANY THAT PROVIDED THE".
Page 2, strike line 5 and substitute "RESPONDING INSURANCE COMPANY, UNLESS
THE DEPARTMENT RECEIVED ONLY ONE RESPONSE IN WHICH CASE THE NAME OF
THE SOLE RESPONDING INSURANCE COMPANY WILL BE REDACTED FROM THE
REPORT;
(b) THE TOTAL COST ESTIMATED BY THE RESPONDING INSURANCE
COMPANY TO PROVIDE WORKERS' COMPENSATION INSURANCE COVERAGE TO THE
STATE;
(c) WHETHER PURCHASING WORKERS' COMPENSATION INSURANCE FROM
THE RESPONDING INSURANCE COMPANY WOULD REQUIRE THE STATE TO
CONTRACT WITH A THIRD-PARTY ADMINISTRATOR, AND WHAT THE ADDITIONAL
COST TO THE STATE WOULD BE, IF ANY;
(d) A DETAILED DESCRIPTION OF THE WORKERS' COMPENSATION
COVERAGE THAT THE RESPONDING INSURANCE COMPANY WOULD PROVIDE;".
Reletter succeeding paragraphs accordingly.
Page 2, line 21, strike "FROM" and substitute "TO".
Page 2, line 22, strike "REQUESTED QUOTES," and substitute "SENT REQUESTS OF
INTEREST,".
Page 2, line 23 strike "STATE'S QUOTE".
Page 2, line 25 strike "QUOTE."." and substitute "RESPONSE, IF ANY.".".
Strike "QUOTE" on: Page 2, lines 2, 3, 19, and 20.
As amended, ordered engrossed and placed on the calendar for third reading and final
passage.