SB 175 CO

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Became Law

The act creates a process for employers and licensed insurance producers to update an employer's experience modification factor when:An open claim is reported by an insurance carrier to the rating bureau with a higher open claim amount than the amount after the claim was closed; andThe lower claim amount would reduce an employer's experience modification factor at least .05 compared to the previously released experience modification factor or from above 1.0 to 1.0 or below.     The employer must notify the insurance carrier between the time the claim is reported to a rating bureau and 31 days after the employer's rating effective date. The insurance carrier is required to credit the employer for a premium change resulting from the revised experience modification factor.(Note: This summary applies to this bill as enacted.)

• M. Catlin Republican · sponsor
• M. Snyder Democratic · sponsor
• T. Mauro Democratic · sponsor
• C. Richardson Republican · sponsor

1. Jun 2, 2026 Governor Signed · executive
2. May 21, 2026 Sent to the Governor · executive
3. May 21, 2026 Signed by the Speaker of the House · lower
4. May 21, 2026 Signed by the President of the Senate · upper
5. May 9, 2026 House Third Reading Passed - No Amendments · lower
6. May 8, 2026 House Third Reading Laid Over Daily - No Amendments · lower
7. May 7, 2026 House Second Reading Special Order - Passed - No Amendments · lower
8. May 6, 2026 House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole · lower
9. May 4, 2026 Introduced In House - Assigned to Business Affairs & Labor · lower
10. May 4, 2026 Senate Third Reading Passed - No Amendments · upper
11. May 1, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
12. Apr 30, 2026 Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
13. Apr 21, 2026 Introduced In Senate - Assigned to Business, Labor, & Technology · upper