Signed by Governor Jared Polis

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill requires home insurance companies to take into account wildfire mitigation work done by homeowners and communities when calculating a property's risk in Colorado.

Highlights:

• Requires insurers who use a wildfire risk model, a catastrophe model, a combination of models, or a scoring method to adhere to specific requirements that concern the sharing of information with the commissioner of insurance and the public, the inclusion of specific activities in the models, and providing notices to policyholders (Sec. 1).

• Specifies that the provisions of this bill shall take effect beginning July 1, 2026 (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that requires home insurance companies to take into account wildfire mitigation work done by homeowners and communities when calculating a property's risk in Colorado.

Highlights:

• Requires insurers who use a wildfire risk model, a catastrophe model, a combination of models, or a scoring method to adhere to specific requirements that concern the sharing of information with the commissioner of insurance and the public, the inclusion of specific activities in the models, and providing notices to policyholders (Sec. 1).

• Specifies that the provisions of this bill shall take effect beginning July 1, 2026 (Sec. 2).

Full Bill Text