Bill > HB1322

This bill modifies Colorado law to strengthen homeowners' rights to obtain insurance policy documents from their insurance carriers. The bill requires insurance carriers to provide an electronic or paper copy of a policyholder's insurance policy, including declaration pages and endorsements, within three business days of a request, with the policyholder choosing the delivery method. Additionally, the bill mandates that carriers must provide a certified copy of the insurance policy within 30 calendar days of receiving a written request from the policyholder. If an insurance carrier fails to comply, they will be liable for a penalty of $50 per day starting from the 31st day after receiving the request, with the penalty accruing daily until the certified policy copy is provided. Furthermore, the carrier will be responsible for covering the policyholder's reasonable attorney fees and costs incurred while enforcing this requirement. The bill is set to take effect after the 90-day period following the general assembly's final adjournment, with a potential referendum option that could delay implementation until the November 2026 election. The provisions will apply to all policy document requests made on or after the bill's effective date.

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https://leg.colorado.gov/bills/hb25-1322