HB 24-1440 CO

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Became Law

The act repeals requirements for insurers that issue commercial and personal automobile, homeowners, and renters insurance policies to provide certain policy documents in an insured's selected language of choice and instead requires insurers that issue personal automobile insurance policies in the state (insurers), starting January 1, 2026, to: Provide to insureds who have completed a language selection form or, at the option of the insurer, to all insureds a summary document that is in Spanish, that is in a form specified by the commissioner of insurance (commissioner) by rule, that explains the coverages and exclusions under the policy and that specifies the coverages and exclusions the insured selected and rejected; and Offer insureds or applicants for insurance a form to select to receive the summary document. If an insurer fails to comply with the requirements of the act, the insured may elect to void any mandatory coverage rejections or exclusions in the automobile insurance policy, may recover reasonable attorney fees and costs incurred for reinstating or rewriting the coverage, and is not required to pay any premium for the policy period applicable for the reinstated or rewritten coverage. Additionally, the act includes on the consumer insurance council a consumer whose first language is not English and requires the commissioner to work with councils established within the division of insurance to engage with bilingual insurance brokers regarding the insurance market for non-English-speaking consumers. APPROVED by Governor May 31, 2024 EFFECTIVE May 31, 2024(Note: This summary applies to this bill as enacted.)

• Elizabeth Velasco Democratic · primary
• Julie Gonzales Democratic · primary

1. May 31, 2024 Governor Signed · executive
2. May 21, 2024 Sent to the Governor · executive
3. May 21, 2024 Signed by the President of the Senate · upper
4. May 21, 2024 Signed by the Speaker of the House · lower
5. May 2, 2024 Senate Third Reading Passed - No Amendments · upper
6. May 1, 2024 Senate Second Reading Special Order - Passed - No Amendments · upper
7. Apr 30, 2024 Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
8. Apr 22, 2024 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
9. Apr 22, 2024 House Third Reading Passed - No Amendments · lower
10. Apr 20, 2024 House Second Reading Special Order - Passed with Amendments - Committee · lower
11. Apr 17, 2024 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole · lower
12. Apr 4, 2024 Introduced In House - Assigned to Business Affairs & Labor · lower