Bill > HB1017

This bill modifies Colorado law regarding criminal restitution, primarily by redefining who qualifies as a "victim" in certain contexts. Specifically, it clarifies that while an insurance company can be a victim if it directly suffers losses due to a crime, such as fraud or theft of its property, it generally cannot receive criminal restitution for losses it covers for a policyholder. Instead, the bill authorizes insurance companies to pursue civil legal action against offenders to recover their losses. The bill also specifies that restitution awarded to a victim should prioritize compensating the direct victim for losses not covered by insurance, and that a victim may still receive restitution for their insurance deductible.

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https://leg.colorado.gov/bills/HB26-1017