SB 25-058 CO

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Became Law

The act creates an additional framework for insurance rebate law to allow usage of insurance rebates and related practices in a manner that meets specified criteria to maintain consumer protections. In provisions regarding unfair and deceptive trade practices in insurance, the act identifies, as an additional practice that shall not be construed as falling within the definition of discrimination or rebates, the practice of offering or providing a value-added product or service not specified in the insurance policy, at no cost or at a reduced cost, if the product or service: Relates to the insurance coverage; and Is primarily aimed to: Provide loss mitigation or loss control; Reduce claim costs or claim settlement costs; Provide education about liability risk or risk of loss to individuals or property; Monitor or assess risk, identify sources of risk, or develop strategies for eliminating or reducing risk; Enhance health; Promote financial wellness through items such as educational or financial planning services; Provide post-loss services; Encourage behavioral changes to improve the health or reduce the risk of death or disability of a customer; or Assist in the administration of employee or retiree benefit insurance coverage. The act implements additional provisions governing the usage of insurance rebates, including requirements to offer such rebates at a reasonable cost and in a manner that is not unfairly discriminatory and that provides certain other customer protections. (Note: This summary applies to this bill as enacted.)

• Marc Snyder Democratic · primary
• Gretchen Rydin Democratic · primary
• Ryan Gonzalez Republican · primary

1. Apr 18, 2025 Governor Signed · executive
2. Apr 9, 2025 Sent to the Governor · executive
3. Apr 8, 2025 Signed by the Speaker of the House · lower
4. Apr 8, 2025 Signed by the President of the Senate · upper
5. Apr 3, 2025 Senate Considered House Amendments - Result was to Concur - Repass · upper
6. Apr 1, 2025 House Third Reading Passed - No Amendments · lower
7. Mar 31, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
8. Mar 24, 2025 House Second Reading Laid Over Daily - No Amendments · lower
9. Mar 19, 2025 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole · lower
10. Mar 4, 2025 Introduced In House - Assigned to Business Affairs & Labor · lower
11. Mar 4, 2025 Senate Third Reading Passed - No Amendments · upper
12. Mar 3, 2025 Senate Second Reading Passed with Amendments - Committee, Floor · upper
13. Feb 26, 2025 Senate Committee on Health & Human Services Refer Amended to Senate Committee of the Whole · upper
14. Jan 21, 2025 Introduced In Senate - Assigned to Health & Human Services · upper