Colorado Capitol Watch


Welcome Visitor

Forgot password?
Subscribe for Current Session

My CCW Tools

Look Up Bills

Look Up Legislators

Legislative Year: 2023 Change

Bill Detail: HB23-1303

Return to list of bills

emailSend an email to your legislator

Title Protect Against Insurers' Impairment And Insolvency
Status Governor Signed (05/15/2023)
Bill Subjects
  • Health Care & Health Insurance
  • Insurance
House Sponsors J. McCluskie (D)
K. Brown (D)
Senate Sponsors C. Hansen (D)
D. Roberts (D)
House Committee Public and Behavioral Health & Human Services
Senate Committee Health and Human Services
Date Introduced 04/20/2023

The bill amends the priority of distribution of insurance claims
paid from an insurer's estate in the event of the insurer's liquidation to
include in the class 1 distribution priority payments that an impaired or
insolvent insurer owes to the risk adjustment program that are necessary
to prevent another insurer from becoming impaired or insolvent. This
prioritization adjustment repeals on July 1, 2026.
The bill also amends the Life and Health Insurance Protection
Association Act (act) as follows:
  • Adds health maintenance organizations (HMOs) as
members of the association and subjects HMOs to
assessments from the association;
  • Allocates responsibility for long-term care insurance
assessments between health insurance and life insurance
association members; and
  • Specifies that the act does not provide coverage to a person
that acquires rights to receive, or to a payee or beneficiary
that transfers its rights in, a structured settlement factoring
transaction, as defined in federal law, regardless of when
the transaction occurred.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (07/05/2023) (most recent)  
Additional Bill Documents Bill Documents
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
Lobbyists Lobbyists
Audio [This feature is available by subscription.]  
Votes House and Senate Votes
Vote Totals Vote Totals by Party
Copyright © 2008-2023 State Capitol Watch